IIFL Securities's Stock Idea: Buy Angel One with Target Rs 2850
IIFL Securities has issued a "buy" recommendation for Angel One, a financial services provider. The target price for the stock has been set at Rs 2850, indicating an upside potential of around 2.5%. As of October 03, the current market price of Angel One stands at Rs 2779.45, suggesting a potential gain for investors who follow the recommendation.
About Angel One:
Angel One, formerly known as Angel Broking, is a leading online stockbroking and wealth management company in India. It offers a comprehensive range of products and services, including online trading, demat services, mutual funds, and insurance. With a strong focus on technology and innovation, Angel One provides a seamless and user-friendly trading experience for both beginners and experienced investors. Its mobile trading platform, Angel One App, is highly rated for its ease of use and advanced features. The company has a wide network of branches and sub-brokers across the country, ensuring a robust outreach to its customers.
52 Week Price Trend:
Angel One (NSE: ANGELONE), previously known as Angel Broking, has experienced significant fluctuations in its share price over the past year. Despite reaching a 52-week high of Rs. 3900.35, the stock has faced a steep decline, falling to a 52-week low of Rs. 999. However, as of today, it has recovered to a CMP of Rs. 2779.45. This recovery suggests that investors may have regained some confidence in the company's prospects. However, given the volatile nature of the stock market, it is essential for potential investors to conduct thorough research and assess their risk tolerance before making any investment decisions.
Stratzy's MOST Analysis:
Angelone has been rated BB- by Stratzy's MOST framework, indicating medium fundamental risks. This rating encompasses an assessment of the company's management, outlook, safety, and trend. The framework assigns scores in each of these categories, with higher scores denoting reduced risk. Angelone's BB- rating suggests that while the company exhibits some risk factors, it also has strengths in certain areas, resulting in an overall medium risk assessment.
Company's Fundamentals:
Angel One (NSE:ANGELONE) is a leading Indian fintech company offering a comprehensive range of financial products and services. Its stock currently trades at a price-to-earnings (PE) ratio of 23.71, indicating its earnings potential. The price-to-book (PB) ratio of 9.55 suggests that the stock is moderately priced relative to its book value. Additionally, Angel One offers a dividend yield of 1.34%, providing investors with a steady income stream. These financial metrics highlight the company's growth prospects, valuation, and dividend policy, providing valuable insights for investment decisions.
Fundamental and Technical information provided in this blog were last updated on 03 Oct, 2024
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