Angel One Share price: The share of finance-stock broking company Angel One Ltd (NSE: ANGELONE) was seen jumping 6 percent intraday on 09 December.
The day high of the stock is at Rs 3,503.15 while the day low is at Rs 3,287.35. With Monday’s rise in the stock, the market cap of the company has reached Rs 30,900 crore.
On Monday the stock opened at Rs 3,295.00 and closed at Rs 3462.
How Far Can The Prices Go?
In such a situation, what strategy should be made in the stock now? Talking about this, an expert from a brokerage firm said that a lot of strength is being seen in the technical stock.
Technical charts are shifting data being created in the weekly and daily charts. The stock is making daily higher highs and higher lows along a rising support tradeline.
The expert further said that the stock has important support at the level of Rs 3300. As long as the stock manages to hold its important support of Rs 3300, this stock can see a rise.
Intraday buying can be done on any swing above the support of Rs 3300 in the stroke. This stock is getting ready for the target of Rs 3738 to Rs 4000 going forward.
How Were The Figures For The November Update?
Let us tell you that on December 06, the company released the November update in which the client base of the company grew by 2% to 2.9 crores on a month-on-month basis, while it saw a growth of 56% on an annual basis.
At the same time, the order number of the company has increased by 22.2% on a year-on-year basis, while it saw a decline of 23.5% on a month-on-month basis.
The company’s gross client acquisition grew 15% on a month-on-month basis while it declined by 12% on a year-on-year basis.
How Is The Performance Of The Stock?
The stock has shown a gain of 18.91% in 1 week. While it has climbed 23.38% in 1 month. In the same period, the stock has risen 39.63 % in just three months.
The stock has declined 4.31% since January 2024. But in 3 years, the stock has shown a strong rally of 205%. The 52-week peak of the stock is currently Rs 3,896 while the 52-week lowest is 2,025.
Quick Fact
| Company name | Angel One |
|---|---|
| Market cap | ₹30,900 crore |
| Stock price | ₹3,429 (4.14% up) |
| Day High | ₹3,503.15 |
| Day low | ₹3,287.35 |
| Support level | ₹3,300 |
| Possible target price | ₹3,738 – ₹4,000 |
| Client base | 2.9 crore (2% growth month-on-month, 56% annual) |
| Order growth | 22.2% yearly increase, 23.5% monthly decline |
| Client Acquisition | 15% monthly growth, 12% yearly decline |
| 1-week growth | 18.91% |
| 1-month growth | 23.38% |
| 3-month growth | 39.63% |
| Year-to-date change | -4.31% |
| 3-year growth | 205% |
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