IMO angel one is fairly for a broking business. Near term triggers include final approval for AMC by SEBI.
Recently zerodha was granted final AMC license in Aug 2023 i.e. nearly 10 months after the in principal approval.
Considering Angel One got their in principal approval in Feb-2023, the final approval may come towards the End of the CY23 or in Q4 FY24, if we take Zerodha AMC as the reference.
Anyways this is just a approximation and may or may not play out as is. I look forward to this near term trigger
Disc: Invested and biased
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