The shares of Angel Broking have given strong returns in the last 1 year. Let us tell you that this stock was listed at a discount of 10 percent in the market on October 5, 2020, about 1 year ago. Angel Broking has been included in the list of stocks listed in the market since last October, which comes at number three after Laxmi Organic Industries and Nureca in terms of gains achieved so far.
The issue price of Angel Broking’s IPO was Rs 306. After listing in the market, this stock continued to consolidate between Rs 300-360 for about 6 months. From mid-April, we saw it pick up again. Since then it has been in a boom phase. The stock has tripled since its issue date till September 23. The stock with an issue price of Rs 306 closed at Rs 1,246.85 on September 23.
Analysts attribute the rise in the stock to factors such as the shift from traditional broking to digital breaking, increase in new investors, reduction in brokerage charges due to fall in branch costs and new client additions. Huh.
Angel Broking is the largest listed stock broking company in the Indian market from an active client perspective. It is a technology based stock broking company that provides broking and advisory services, margin funding, lien against shares. The company has changed its name to Angel One Ltd on 23 September 2021.
Gaurav Garg of CapitalVia Global says that the rise in the shares of Angel Broking has been unprecedented in itself. The strong increase in the number of new investors in the last 1 year has been the main reason for the growth of this company.
Atish Matlawala of SSJ Finance says that Angel Broking has made a lot of preparations in the last two years to meet the challenges from discount brokerages, which are benefiting it.
Let us tell you that Angel Broking has plans to launch a super app. All the services of this company will be available at one place. Keeping this in mind, Aastha Jain of Hem Securities says that those who have these shares should stay in it. For this, keep a medium term target of Rs 1,390- 1,480.
Gaurav Garg of CapitalVia Global also says that the bullish trend in this stock continues. By the end of calendar year 2021 or by the fourth quarter of FY 2022, this stock can see a further increase of 20-30 percent.
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