Angel One Ltd. is a leading financial services company in India, specializing in stock brokerage and investment solutions. As of October 15, 2024, the Angel One share price is ₹2,983.00, reflecting a significant increase of 9.55% from the previous trading session. The stock opened at ₹2,940.00 and has seen a trading volume of over 3.67 million shares so far today.
Angel One Share Price in Today’s Market
In today’s trading session, the Angel One share price reached a high of ₹2,994.00 and a low of ₹2,866.00. The current market capitalization stands at approximately ₹26,769 crore, highlighting its prominent role in the financial services sector.
Angel One Financial Overview
Angel One has an enterprise value of ₹33,374.48 crore and approximately 9.02 crore shares outstanding. The company’s P/E ratio is reported at 21.63, while its P/B ratio stands at 5.56. Recent financial reports indicate a sales growth rate of 42.31% and an impressive profit growth rate of 28.50%. With cash reserves of ₹44.62 crore and no debt on its balance sheet, Angel One demonstrates strong fundamentals.
Angel One Share Pros & Cons
Pros:
- Strong Sales Growth: A sales growth rate of 42.31% indicates robust demand for its financial services.
- Impressive Profit Growth: A profit growth rate of 28.50% reflects effective management and operational efficiency.
- No Debt: With zero debt on its balance sheet, Angel One is well-positioned for future investments and expansion.
Cons:
- High Valuation Ratios: A P/E ratio of 21.63 raises concerns about whether the stock is overvalued compared to industry peers.
- Market Volatility: A beta of 1.37 indicates that the stock is more volatile than the broader market, which can pose risks for conservative investors.
- Low Promoter Holding: With promoter holding at only 35.61%, this may raise questions about insider confidence in the company’s future prospects.
Indiahood Recommendation on Angel One Share: Buy or Sell?
Considering the current market conditions and the fundamentals surrounding Angel One Ltd., it is advisable to buy your position now to capitalize on the upward momentum while monitoring market trends closely.
Conclusion
In summary, the recent surge in Angel One’s share price presents an optimistic outlook for investors, supported by strong sales and profit growth. However, potential investors should also be aware of high valuation ratios before making investment decisions.
Disclaimer
This article is for informational purposes only and should not be considered as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
