Angel One Receives 'Buy' Rating from MarketsMOJO, Shows Strong Long-Term Growth

Angel One, a leading finance and NBFC company, has recently received a 'Buy' rating from MarketsMOJO on January 31, 2024. This upgrade is based on the company's strong long-term fundamental strength, with an average Return on Equity (ROE) of 40.31%.
The company has shown healthy long-term growth, with an annual growth rate of 52.83% in Net Sales and 84.31% in Operating profit. In addition, Angel One has declared positive results for the last 11 consecutive quarters, with a PAT (HY) of Rs 564.80 crore, growing at 27.91%, and the highest NET SALES (Q) at Rs 1,059.00 crore.

Technically, the stock is in a bullish range and has generated 10.54% returns since January 23, 2024. Multiple factors, such as MACD, Bollinger Band, DOW, and OBV, indicate a bullish trend for the stock.

Moreover, Angel One has a high institutional holding of 28.43%, indicating their confidence in the company's fundamentals. These investors have better capabilities and resources to analyze companies, making their stake increase by 1.21% over the previous quarter.

In terms of performance, Angel One has outperformed BSE 500 in the long term and near term, generating 167.34% returns in the last year.

However, there are some risks to consider. The stock has a very expensive valuation, with a 9.9 Price to Book Value and trading at a premium compared to its average historical valuations. Additionally, while the stock has generated high returns, its profits have only risen by 27.1%, resulting in a PEG ratio of 0.9.

Overall, Angel One is a strong and promising company in the finance and NBFC industry, with a positive outlook for the future. With its impressive long-term growth and market-beating performance, it is definitely a stock to consider for investors.