Profit of Rs 670 by investing Rs 100, now this share will go up by Rs 500.

New Delhi. If you are thinking of earning profits by investing money in shares, then you can keep an eye on a stock suggested by Motilal Oswal. This share is Angel One Broking. Motilal Oswal has given buy rating to this stock. Expressing hope of a rise in the shares of Angel One, the brokerage has said that a strong rally of 56 percent can be seen in this stock. Its target price has been fixed at Rs 4200.

The current price of the company’s shares is Rs 2689. On Friday, this stock closed with a decline of 3.69 percent. The market cap of the company has crossed Rs 24174 crore. The 52 week high of Angel One shares is Rs 3900 and low is Rs 1182.

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brokerage opinion
The brokerage has said that the net brokerage income of Angel One has increased by 65 percent. The total income from the operation has increased by 65 percent. Total operating expenses have increased by 114 percent annually and 26 percent on a quarterly basis. Profit after tax (PAT) has increased by 27 percent on annual basis and 31 percent on quarterly basis. Keeping in mind the growth in business after the arrival of funds, the EPS estimate for FY 25/26 has been increased by 6 to 8 percent.

Company’s quarterly results
In the fourth quarter of the financial year ending March 31, 2024, Angel One increased its net profit by 27.3 percent on an annual basis and earned a profit of Rs 340 crore. At the same time, this was about 31 percent more than the profit of Rs 267 crore made in the third quarter of the last financial year. The company’s revenue has increased by 64.3 percent to Rs 1372 crore. Angel One’s EBITDA has increased by 37.2 percent. It has increased from Rs 386 crore a year ago to Rs 529 crore.

stock performance
Angel One shares have increased by 2.84 percent in 1 month. This stock has gone up 20 percent in the last 6 months. This year the company’s shares have declined by 20 percent. At the same time, this share has increased by 120 percent in the last one year. In three years, this stock has given a return of 670 percent to its investors. That means during this period the company’s shares have earned Rs 670 on an investment of Rs 100.

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