Buy Angel One; target of Rs 1945: Hem Securities

Hem Securities is bullish on Angel One has recommended buy rating on the stock with a target price of Rs 1945 in its research report dated May 04, 2022.

Broker Research

May 05, 2022 / 08:33 PM IST

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Hem Securities report on Angel One

Company reported yet another steady quarter, and continued its business performance in Q4FY22, growing PAT by 100 percent/24 percent YoY/QoQ. Highest Gross customer additions were 1.5 million in Q4FY22 and 5.3 million in FY22, with tiers-3/4 cities accounting for more than 94% of the additions.

Outlook

We value the company at 21.7x FY23 EPS to arrive at the target of 1945.

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Tags: #Angel One #Buy #Hem Securities #Recommendations

first published: May 5, 2022 08:33 pm

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Expert Trading Guidance

Buy Angel One; target of Rs 1945: Hem Securities

Hem Securities is bullish on Angel One has recommended buy rating on the stock with a target price of Rs 1945 in its research report dated May 04, 2022.