Avendus Spark Upgrades Angel One to Add from Reduce; Price Target is INR355
Angel One (BOM:543235, NSE:ANGELONE) has an average rating of overweight and mean price target of 371.46 Indian rupees, according to analysts polled by FactSet.
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Angel One (BOM:543235, NSE:ANGELONE) has an average rating of overweight and mean price target of 371.46 Indian rupees, according to analysts polled by FactSet.
Angel One (NSE:ANGELONE, BOM:543235) signed up 450,000 new clients in June, down 17.5% from 550,000 added a year ago.The brokerage services company's client base during the reporting month reached 38.6 million, up 18.8% from around 32.5 million a year ago, according to the Indian stock exchanges on Friday.Shares of the company rose nearly 2% in recent trade.
Angel One (NSE:ANGELONE, BOM:543235) signed up 420,000 new clients in May, down 9.7% from 500,000 added a year ago, according to the Indian stock exchanges on Thursday.The brokerage services company's client base during the reporting month reached 38.2 million, up 1% from around 32 million a year ago, the filing said.
Angel One (NSE:ANGELONE, BOM:543235) said Hemen Bhatia has resigned as chief executive officer of its asset management business, according to an Indian bourse filing on Tuesday.Shares of the company fell nearly 1% in Wednesday's trade.The resignation will be effective June 18, the filing said.
Angel One (NSE:ANGELONE, BOM:543235) signed up 460,000 new clients in April, down 6.2% from 490,000 added a year ago, according to the Indian stock exchanges on Wednesday.The brokerage services company's client base during the reporting month reached 37.8 million, up 20% from 31.48 million a year ago, the filing said.The company's shares were up nearly 1% in recent trade.
Angel One's (NSE:ANGELONE, BOM:543235) consolidated profit rose sharply to 3.20 billion Indian rupees in the fiscal fourth quarter ended March 31, from 1.75 billion rupees a year ago.Earnings per share climbed to 3.44 rupees from 1.89 rupees a year earlier, the brokerage company said in a filing to the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4 also increased to 14.6 billion rupees from 10.6 billion rupees a year ago.