Angel One shares rally 5% after posting 31% increase in Q4 profit
Angel One\’s shares surged by up to 5.5% to Rs 3099 as it reported a 27% YoY increase in consolidated net profit to Rs 340 crore for the quarter ended March 2024.
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Angel One Q4 Results: Profit rises 27% to Rs 340 crore aided by jump in trading activity
The company\’s profit rose to Rs 340 crore ($40.7 million) in the quarter, boosted by an increase in trading activity, especially among retail investors, as the country\’s stock market touched record highs and commodity prices rose sharply.
Angel One net profit rises 30.6% in Q4 to Rs 340 crore
Consolidated revenue from operations jumped 28.15% to 1,357.2 crore from the December quarter. Net profit in January-March was up 27.3% and revenue from operations was up 64.3% from last year
Q4 results today: Tata Communications, Angel One among 10 companies to announce earnings
March quarter earnings season starts with Tata Communications and ICICI Lombard set to announce. Boards to discuss dividends. High-frequency indicators point to strong demand momentum. Key focus on data gross revenue, DPS revenue, and EBITDA margins.
What to do with TCS, Vedanta, REC and 3 other stocks? Aamar Deo Singh of Angel One decodes
Geopolitical tensions, India-Mauritius tax treaty, key companies\’ results, and global events shape market movements. Analyst insights on strategies for TCS, Infosys, and REC offer valuable guidance for investors in navigating the complex market landscape. Deo Singh says: \”Investors are advised to stay cautious in the week ahead, given the plethora of domestic and global triggers.\”