Stratzy's Stock Pick Today: Buy Angel One with Target Rs 3208

Stratzy, a market intelligence platform, issued a buy call on Angel One, a leading brokerage firm in India, on November 26th. At the current market price of Rs 2923.65, Stratzy believes Angel One has a potential upside of Rs 3208, representing a potential gain of approximately 10%. The brokerage's optimistic outlook is based on Angel One's strong financials and market position, which has been strengthened by the growing adoption of online trading and the company's innovative product offerings.

About Angel One:

Angel One, formerly known as Angel Broking, is a leading online discount broker in India, listed on the National Stock Exchange (NSE). Founded in 1996, the company offers a wide range of trading and investment services through its proprietary trading platform, Angel One Mobi, and desktop application, Angel One Trade. With over 5.4 million registered clients, Angel One provides access to trade in stocks, derivatives, commodities, currencies, and mutual funds. The company also offers research, advisory, and wealth management services to cater to the diverse needs of its clients. Its strong focus on technology and innovation has contributed to its growth and success in the Indian financial markets.

52 Week Price Trend:

Angel One (formerly Angel Broking), a leading stockbroking firm in India, has recently declined by over 20% from its 52-week high of Rs 3900.35. This correction follows a strong rally that saw the stock price surge by over 300% from its 52-week low of Rs 999. Despite the recent decline, Angel One remains a fundamentally strong company with a market share of approximately 15% in the Indian broking industry. The company's focus on technology-driven products and services and its robust financials make it a compelling long-term investment opportunity.

Stratzy's MOST Analysis:

Based on Stratzy's MOST framework, ANGELONE has been assigned a rating of BB-. This rating is derived from an assessment of the company's management, outlook, safety, and trend. The BB- rating indicates that the company has medium fundamental risks. This means that there are some concerns about the company's financial stability, growth potential, and ability to withstand market downturns. However, the company is still considered to be a relatively safe investment.

Company's Fundamentals:

Angel One (NSE:ANGELONE), a renowned online brokerage firm, boasts a stock PE (Price-to-Earnings) ratio of 23.71, indicating that investors are willing to pay INR 23.71 for every INR 1 of the company's earnings. Its PB (Price-to-Book) ratio of 9.55 suggests that investors are valuing the company at 9.55 times its book value, highlighting its higher market valuation relative to its accounting value. Additionally, Angel One offers a dividend yield of 1.34%, providing investors with a modest stream of passive income.

Fundamental and Technical information provided in this blog were last updated on 26 Nov, 2024

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