Motilal Oswal’s Bullish Outlook: ANGEL One Target Price - INR 2550
October 16, 2023
1HFY24 Growth
/ Angel One
Motilal Oswal Forecasts ANGEL One to Reach INR 2550 ANGEL One Limited, formerly known as Angel Broking Limited, is an Indian stockbroker firm established in 1996. The company is a member of the Bombay Stock Exchange, National Stock Exchange of India, National Commodity & Derivatives Exchange Limited and Multi Commodity Exchange of India Limited. It provides a range of financial services including stockbroking, portfolio management, mutual funds, life insurance, health insurance, IPO, depository services, and investment advisory. Stellar Financial Performance by ANGEL One: Surpassing Expectations ANGEL One reported a Profit After Tax (PAT) of INR 3 billion. This figure exceeded our estimates by 7% and marked a growth of 42% Year on Year (YoY). This robust performance is indicative of the company’s strong financial health and growth potential. It also reflects the effectiveness of the company’s business strategies and its ability to generate substantial profits. ...