A profit of Rs.670 from an investment of Rs.100, now the share will increase to Rs.500.

New Delhi. If you are thinking of earning profits by investing in shares, you can keep an eye on stocks recommended by Motilal Oswal. This share is owned by Angel One Broking. Motilal Oswal has rated the stock as Buy. The brokerage expects Angel One shares to rise and says the stock could see a strong rally of 56 percent. Its target price has been set at Rs 4200.

The current share price of the company is Rs.2689. The stock closed down 3.69 percent on Friday. The market cap of the company has crossed Rs 24174 crore. The 52-week high of Angel One is Rs.3900 and the 52-week low is Rs.1182.

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Broker opinion
Angel One’s net brokerage income grew by 65 percent, the brokerage said. Total revenue from operations has increased by 65%. Total operating expenses increased by 114% YoY and 26% QoQ. Profit After Tax (PAT) has grown by 27% YoY and 31% QoQ. Keeping in view the growth in the business after the influx of funds, the EPS estimate for FY25/26 has been increased by 6 to 8 percent.

Company Quarterly Results
In the fourth quarter of the fiscal year ended March 31, 2024, Angel One grew its net profit by 27.3% year-on-year and earned a profit of Rs 340 crore. At the same time, this is about 31% higher than the profit of Rs 267 crore in the third quarter of last fiscal. The company’s revenue increased by 64.3% to Rs 1372 crore. Angel One’s EBITDA increased by 37.2%. It has increased to Rs 529 crore from Rs 386 crore a year ago.

Stock performance
Shares of Angel One have gained 2.84% in one month. The stock has gained 20% in the last 6 months. The company’s shares have fallen 20 percent this year. Along with this, this share has increased by 120% in the last one year. In three years, this stock has given its investors a return of 670%. That is, during this period, the company’s shares have earned Rs 670 on an investment of Rs 100.

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