2025-01-25 10:34:32 am | Source: Motilal Oswal Financial Services Ltd
Buy Angel One Ltd For Target Rs. 3,800 by Motilal Oswal Financial Services Ltd
* Pace of client addition has moderated in Nov’24 and was the lowest since Jul’23.
* Slowdown in daily order run-rate and F&O/cash volumes; commodity volumes remain strong.
* MTF book expanded at a strong pace and has been stable over the last three months.
* Weak client acquisitions, offset by increased hiring costs, to improve the cost-to-income ratio YoY.
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