Sunday, July 18, 2021

Angel Broking at fresh Record High | Future Outlook

angel broking, finvestonline.com

Angel Broking 

Angel Broking was suggested at Rs 359 on April 29 , 2021 for the levels of 1035 and currently stock is trading at 1272 , hits all levels that were suggested. Stock hits fresh all time high due to strong growth in client base and high client activity.

ANGELBRKG | Stock Analysis | Future Outperformer



➽  Angel Broking share price hit record high on July 16 surging 20 percent intraday after the company declared its Q1 numbers.  Angel Broking reported 19 percent increase in consolidated net profit at Rs 121.37 crore in Q1 FY22 over Q4 FY21.


➽  The stock broker's consolidated net profit jumped 156.6 percent while revenue from operations jumped 94 percent in Q1 FY22 over Q1 FY21. Total income stood at Rs 474.5 crore in Q1 FY22 as against Rs 418.9 crore in Q4 FY21, a growth of 13 percent QoQ.


➽  Its income growth was aided by strong growth in client base and high client activity.

Profit before tax increased by nearly 14 percent QoQ and 154.7 percent YoY to Rs 162.16 crore in Q1 FY22.


➽  The board, in its meeting held on July 15 also approved the change of name of the company from 'Angel Broking Limited' to 'Angel One Limited' or Angel One Fintech Limited' or any other name as may be approved by the Central Registration Center of Ministry of Corporate Affairs.


➽  

Key Profit & Loss Data

Period31_Mar_2021Growth
Net Inc296.86260.49 %
Ops Income263.5551.92 %
Revenue1077.8251.73 %
Ops Expense814.2851.67 %
PBT411.17246.19 %
Gross Profit543.0013.15 %
Div Paid-42.66119.44 %

SUNTECK | Stock Analysis & Price Outlook 


Charts & Levels

angel broking , finvestonline.com

Angel Broking after achieving all targets still is in strong uptrend with strong price momentum. Currently 1114- 1151 is good buying zone in any correction. Still stock has potential to test 1873- 1938 . So hold and accumulate in dips.




Thanks for your Precious Time.


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Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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