Angleone stock for long side

**Angel One Ltd. (ANGELONE) Stock Analysis**

**Company Overview:**
Angel One Ltd., formerly known as Angel Broking Limited, is a leading Indian brokerage firm offering a range of financial services, including broking, advisory, margin funding, and loans against shares. The company operates through online and digital platforms, catering to a diverse clientele across India.

**Fundamental Analysis:**

- **Market Capitalization:** Approximately ₹21,305 crore. citeturn0search5

- **Price-to-Earnings (P/E) Ratio:** 15.93, indicating a 36% premium to its peers' median of 11.72. citeturn0search5

- **Price-to-Book (P/B) Ratio:** 3.83, reflecting a 92% premium to the industry median of 1.99. citeturn0search5

- **Earnings Per Share (EPS):** ₹45.09, demonstrating the company's profitability. citeturn0search5

- **Return on Equity (ROE):** 32.17%, indicating efficient use of shareholders' equity. citeturn0search5

- **Operating Margin:** 37.48%, reflecting strong operational efficiency. citeturn0search5

- **Net Margin:** 24.11%, highlighting effective cost management. citeturn0search5

- **Dividend Yield:** 1.47%, with a payout ratio of 1.47%, suggesting a conservative dividend policy. citeturn0search5

**Technical Analysis:**

- **Current Price:** ₹2,356.60. citeturn0search5

- **52-Week Range:** The stock has traded between ₹2,335.55 and ₹2,441.65 over the past year, indicating moderate volatility. citeturn0search1

- **Support Levels:**
- First Support: ₹2,300.00
- Second Support: ₹2,250.00

- **Resistance Levels:**
- First Resistance: ₹2,400.00
- Second Resistance: ₹2,500.00

- **Breakout Point:** A sustained move above ₹2,400.00 could signal a bullish trend.

- **Retest Levels:** After a breakout above ₹2,400.00, a retest of this level would confirm its strength as new support.

**Recent Performance:**

- **1 Week:** The stock has increased by 1.27%. citeturn0search2

- **1 Month:** The stock has decreased by 6.30%. citeturn0search2

- **1 Year:** The stock has decreased by 24.65%. citeturn0search2

**Analyst Ratings:**

- The average target price for Angel One is ₹2,799.29, suggesting a potential upside of approximately 18.79% from the current price. citeturn0search3

- Earnings are forecasted to grow at 7.42% per year, indicating positive future prospects. citeturn0search3

**Conclusion:**
Angel One Ltd. demonstrates strong financial health with consistent revenue growth, efficient use of equity, and solid operational performance. Technically, the stock is trading near its support level of ₹2,300.00, suggesting potential for further gains if this level holds. Investors should monitor the breakout above ₹2,400.00 and consider the support levels at ₹2,300.00 and ₹2,250.00 for potential entry points.

*Please note that stock market investments carry inherent risks. It is advisable to conduct thorough research or consult with a financial advisor before making investment decisions.*