Angel One Shares can earn you one and a half times profit in coming days. This stock is booming in the stock markets. Domestic brokerage firm Motilal Oswal Financial Services has set a target price of Rs 4200 on one of its notes. This brings its current price to Rs. 2599.50 is 61.40% more. That is, investors in this stock are expected to get one and a half times profit in the coming days. A total of 4 out of seven analysts have given it a strong buy recommendation. Whereas, two have given buy rating. Only one has advised to sell this stock and exit.
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Talking about the stock price history of Angel One, on Friday the stock fell 1.11% to Rs. closed at 2599.50. It has declined by more than 22 percent in six months. While this year so far it has suffered a loss of up to 27 percent. However, it has also returned over 66 percent in the last one year. Its 52 week high price is Rs 3896 and low price is Rs 1452.
If we talk about the shareholding pattern, in Angel One, while foreign institutional investors have reduced their stake, domestic institutional investors have increased it. In this, mutual funds reduced their share in the March quarter as compared to the December quarter.
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The promoters’ stake in Angel One was 38.24 per cent in the December quarter. While in the March quarter it decreased to 38.21 percent. As far as foreign investors are concerned, the share fell to 17.27 percent in the March quarter from 19.11 percent in the December quarter. Domestic institutional investors increased their stake from 9.32 percent to 9.49 percent during this period. Whereas, the mutual fund has reduced its share holding from 7.26 percent to 6.99 percent.
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