scorecardresearchHDFC Securities is 'bullish' on Angel One; sees a 45% upside in the stock

HDFC Securities is 'bullish' on Angel One; sees a 45% upside in the stock

Updated: 20 Jul 2022, 07:56 AM IST
TL;DR.
FIIs have been bullish on the company for a long time. This is clear given their increased exposure to the stock over the last four quarters. FIIs held a stake of 5.0% in Angel One back in March 2021. The exposure now stands at 9.0%.
On the fundamental side, the company's ROE has consistently increased in the last 4 years. In the March 2022 quarter, the ROE rose to 39.43 per cent, as against 26.24% in the March 2021 quarter.

On the fundamental side, the company's ROE has consistently increased in the last 4 years. In the March 2022 quarter, the ROE rose to 39.43 per cent, as against 26.24% in the March 2021 quarter.