Good results from Angel One for FY24 Q1. This further helps build confidence in the stock. Hope this continues in coming quarters. Looking forward to their conference call.
@Nimit Thanks for your thoughts. It’s a good way to think about the valuations.
I am just hoping Angel will consolidate its position in the industry. I think in 3-5 years, top 2-3 players will capture majority of the online brokerage market and Angel is a strong contender to be one of them.
Revenue-wise, main players in Indian brokerage industry are
Zerodha, Angel One, MOSL, IIFL Sec, Upstox, Groww… in that order.
Zerodha is by far the biggest which I do not see changing.
For Angel One, what can hoped for is slowly increasing its market share – which is evident from their recent ppt and then maintaining their margins.
With this also, there should be considerable room for growth for years to come as more and more retail investors come into the market.
Will keep holding.
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