Angel One shares edged nearly 1 per cent lower in trade despite brokerage upgraded its target prices following the company’s Q4FY26 results maintaining a positive stance on the stock. Analysts cited strong operating performance driven by the core broking business, improving client activity and margin expansion, while factoring in near‑term pressures from slower momentum in select segments and elevated spending. Both Motilal Oswal and Elara Capital remain constructive on Angel One’s medium‑term growth prospects, backed by improving profitability, operating leverage and scaling of new businesses.
Angel One’s share performance has significantly outpaced the broader market across multiple time frames. Over the past week, the stock delivered a sharp 14.35 per cent gain, exceeding the 3.04 per cent rise in the Nifty Div Opps 50 index.
On a one‑month basis, Angel One surged 38.64 per cent, compared with a 6.27 per cent increase in the benchmark. Year‑to‑date, the stock is up 35.73 per cent, outperforming the index, which is down 2.54 per cent, while over the last year, Angel One has gained 36.11 per cent against a 6.87 per cent rise in the broader index.
Motilal Oswal On Angel One
Elara Capital on Angel One
Angel One reported a strong performance in the March quarter (Q4 FY26). The broking firm posted a profit of Rs 320.2 crore, marking a 19.2 per cent quarter‑on‑quarter increase from Rs 268.6 crore in Q3 FY26.
Revenue for the quarter rose 9.3 per cent QoQ to Rs 1,459 crore, compared with Rs 1,335 crore in the previous quarter. The growth in topline was supported by steady client additions, higher trading volumes and continued traction across key business segments.
Operating performance also improved meaningfully, with EBITDA rising 13.1 per cent QoQ to Rs 598.5 crore from Rs 529.1 crore in Q3 FY26. The EBITDA margin expanded to 41 per cent, up from 39.6 per cent in the preceding quarter.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
