Angle One share price opened at ₹2,940.00 and quickly attracted investor interest. The day ended on a strong note of 18 % gain, reflecting the growing anticipation around the company’s Q2 2024 results announcement. Here’s a closer look at today’s performance and what the numbers indicate for the future.
| Angel One Share Price Performance Highlights |
| Angel one share chart |
| Angel One Share Price Target |
| Angel One Q2 FY24 Results |
| Nifty 50 Highlights Today |
| Disclaimer |
Angel One Share Price Performance Highlights:
- Opening Price: ₹2,940.00
- Day Low – 2866
- Day High – 3258
- Previous Close: ₹2,723.05
- Volume: 20,907,609
Angle One showed positive momentum throughout the trading day. The stock hit a high of ₹3,258.00, nearing its Upper Circuit Limit (UC) of ₹3,267.65, suggesting a potential surge in bullish activity. It dipped to a low of ₹2,866.00 but stayed far from its Lower Circuit Limit (LC) of ₹2,178.45, showcasing overall resilience.
With a market capitalization of ₹29,069 crore, Angle One remains a formidable player in the financial services industry. Investors have been watching the stock closely, especially considering its 52-week highs and lows. Its 52-week high of ₹3,896.00 and low of ₹2,025.00 provide perspective on the volatility and potential the stock carries. Notably, the stock’s all-time high of ₹3,896.00 hints at its peak potential, while the all-time low of ₹222.20 shows how far it has come over the years.
Angel one share chart
Angel One Share Price Target
Based on recent analyst forecasts and the stock’s current performance, Angel One has been receiving a range of target price predictions. The stock price is currently hovering around ₹3,224.55 with near-term targets ranging from ₹2,900 to ₹3,500. Chart Analysis are particularly bullish after the stock’s strong Q2 performance, and many see ₹3,440 as a potential breakout zone, breakdown further leads to target price of Rs 3900.
Angel One Q2 Results 2024
In its Q2 FY24 results, Angel One demonstrated great financial performance, reporting a 42.59% year-on-year (YoY) increase in net profit to ₹423 crore. Total revenue for the quarter stood at ₹1,046 crore, reflecting a 46.19% YoY growth. This impressive performance is attributed to a rise in client acquisitions, expanded market share in retail equity turnover, and strong growth in both the cash and futures & options (F&O) segments.
Additionally, Angel One’s operating income rose by 39.11% quarter-on-quarter (QoQ), while its earnings per share (EPS) for the quarter was ₹35.88, representing a 42.76% increase YoY. The company has also been effective in controlling its costs, although selling and administrative expenses increased by 7.87% QoQ.
Angel One Q2 FY24 Results
| Metrics | Q2 FY24 | Q1 FY24 | Q2 FY23 | YoY Growth | QoQ Growth |
|---|---|---|---|---|---|
| Total Revenue (₹ crore) | 1,046.1 | 805.5 | 715.6 | +46.19% | +29.87% |
| Net Profit (₹ crore) | 304.5 | 220.8 | 213.6 | +42.59% | +37.91% |
| Operating Income (₹ crore) | 430.4 | 309.4 | 279.8 | +53.83% | +39.11% |
| Selling & Admin Expenses (₹ Cr) | 132.9 | 123.2 | 109.5 | +21.37% | +7.87% |
| EPS (₹) | 35.88 | 26.15 | 25.13 | +42.76% | +37.21% |
The positive financial performance coupled with strong market activity has significantly boosted Angel One’s stock, further driving market confidence
Nifty 50 Highlights Today
Today, the Nifty 50 index had a volatile session, opening at 25,057.35 and fluctuating within a range of 25,008.15 to 25,212.05. By the end of the day, it closed slightly lower than its previous close of 25,127.95, reflecting a modest decline of 0.12%. Despite this drop, the index has shown resilience throughout the year, with a 26.99% rise over the past 12 months. The 52-week range of the index shows significant growth potential, having touched a high of 26,277.35 earlier this year, while the lowest point in the past year was 18,837.85.
Disclaimer:
The information shared is for educational purposes and not financial advice. Always conduct personal research or consult a professional advisor before making investment decisions, as stock prices are subject to market risks and fluctuations.