October 3, 2022
Multibagger Stock: After a 10% weak listing, the stock took flight, gave a 350% return, and further earning opportunity.

Multibagger Stock: After a 10% weak listing, the stock took flight, gave a 350% return, and further earning opportunity.


Angel One Stock Target Price: Angel One, which was listed on the market about 23 months ago, has given great returns to investors. The stock has fallen from its all-time high, but it has increased by more than 350% since the IPO.It is one of the highest paying IPOs in the last 2 years. There is upside momentum in the stock, and once again it can move towards a record high. Brokerage house ICICI Securities has lost confidence in the stock and has maintained a target price of Rs 1830 with buy advice. The stock is currently trading around Rs. 1400. It has increased by 11% in one month.

still get a 30% return. 
The brokerage house says that Angel One has maintained its business momentum through August 2022. The number of orders, client base, and gross client acquisition grew by 9%, 4%, and 29% on a monthly basis. The brokerage believes that these are positive signs for the company and that earnings will grow at a CAGR of 12% during FY22-24E.At the same time, the company’s PAT could be Rs 780 crore in FY24E. The brokerage firm has given investment advice on the stock with a target price of Rs 1830, with a potential return of 30% at the current price of Rs 1400.

The brokerage house says that Angel One has shown recovery in operating indicators in August 2022. The company’s PAT in Q2FY23 could be around Rs 184 crore. Regulatory updates will not affect the company much. Business is expected to strengthen in the coming days.

Trading started 2 years ago. Angel One was listed on the stock market on October 5, 2020. In the IPO, the share price was fixed at Rs 306, while it weakened and was listed at Rs 275. It fell 10 per cent on its listing day. At the same time, the stock has now crossed the 1400 mark and is approximately 350% higher than the issue price. The record high for the stock is Rs 2022, which was made in April this year. whereas the 1-year low is Rs 992, which was made in November 2021.

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