Angel One's journey from a discounted IPO to a multibagger is a thrilling ride. Discover how this stock gained 25% in just four sessions!
Angel One has recently taken the stock market by storm, capturing the attention of investors as its share price surged by an impressive 25% over a mere four sessions. Initially making waves for listing at a discount to its IPO price, Angel One now stands as one of the few IPOs that transformed into a multibagger, proving that it’s never too late for a stock to shine. The rapid climb is sparking discussions on the potential this company holds in the booming Indian financial landscape, especially considering its robust services in stock, currency, and commodity broking as well as offering margin trading facilities.
During the last month, Angel One's stocks showcased incredible performance, achieving a solid 25.14% return. Investors who might have been on the fence about this stock are now reconsidering as the company continues to demonstrate growth potential amidst a positive outlook for Indian capital market-related businesses. As Angel One's reputation builds, many are watching closely to see if this rally has more in store or if it will plateau. With a surge of activity leading to a 17% gain on heavy volumes, it seems this is just the beginning!
Furthermore, the rise isn't happening in isolation. Other broking shares such as IIFL, ICICI Securities, and MOFSL are also experiencing a bullish trend. This synchronized ascent signifies a thriving sentiment around trading and investment sectors, giving both current investors and potential newcomers an exciting reason to engage with the stock market. As Angel One gains traction, the ripple effect through the markets only fuels investor enthusiasm further.
Investors might be interested to know that although Angel One debuted at Rs 273, below its IPO price of Rs 306, its journey since has been transformational, showcasing almost a 10x return over the past four years. This current rally truly depicts a resurgence not only in Angel One’s performance but also in the broader market confidence in small-cap stocks, drawing hope for many who seek fruitful investments in an ever-changing economic climate. So whether you’re a seasoned trader or just beginning your investment journey, it seems there’s never been a more exciting time to dive into stocks, especially the multibaggers like Angel One that have proven their worth!
Angel One is one of the few IPOs that listed at a discount to its issue price and yet turned out to be a multibagger. Profile image By ...
Angel One shares have shown varied performance. Over the past month, the stock has delivered a solid 25.14% return, reflecting its growth potential.
Angel One is engaged in the business of stock, currency and commodity broking, providing margin trading facility. Shares of Angel One gained as much as 17 ...
The outlook for Indian capital market related businesses continues to remain positive over the medium to long term.
Multibagger Smallcap stock: The stock debuted on the bourses at Rs 273, below its IPO price of Rs 306, and has since become a multibagger., Markets News, ...