Buy Financial Services Stock For 43% Return, Dividend Income: Motilal Oswal

Motilal Oswal has recommended investors to buy Financial Services sector stock, Angel One Ltd with target price of Rs 1800 per share. If you buy Angel One share now at last trading price of Rs 1261.10 apiece, you can fetch potential return of 43%. The stock is currently trading 21% away from its 52-week low price of Rs 1000.00 per share. The board of directors of Angel One recommended final dividend of Rs 4/- per share on April 17, 2023. Check details below:

Angel One Recommends Final Dividend: According to the BSE filing of Angel One, "approved and recommended the Final Dividend of Rs. 4 /- per equity share (i.e. for the financial year 2022-23. The dividend, if approved by the members of the Company at the ensuing Annual General Meeting ("AGM"), will be paid within 30 days from date of AGM."

Angel One Stock Performance & Return: The last trading price of Angel One is Rs 1261.10 apiece with intraday fall of 2.87% on BSE. Its 52-week high price is Rs 2022.00 apiece and 52-week low price is Rs 1000.00 apiece, respectively. It has a market capitalisation of Rs 10,520.06 crore.

Angel One stock witnessed a decline of 26% in last 1-year and 21% in last 6-months. The stock delivered 277% return in last 2-years.

Angel One Valuation: According to Motilal Oswal, "Angel One's 4QFY23 PAT surged 30% YoY to INR2.7b (11% beat led by reversal of ESOP expense). We raise our FY24/FY25 earnings estimates by 6.1%/7.0% to factor in higher revenue. We reiterate our BUY rating on the stock with a revised TP of INR1,800 (premised on 13x Mar'25E EPS)."

Angel One About: Angel One Limited (formerly known as Angel Broking Limited) is a Fintech company providing broking services, margin trading facility, loan against shares, research services, depository services, investment education and financial products distribution to its clients.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.