Best Multibagger Stock one touched its 52 Week Low level exactly a year ago on 20 April 2021. That day the had fallen to a price of Rs 334. Today it went up to a high level of Rs 1,794. In this way, its price has increased 5.37 times in the last one year.
The stock of stock broking company Angel One has been known to give multibagger returns. After the spectacular financial results in the March quarter, this stock again made a new record high (52 Week High) on Thursday. Looking at the performance of the last one year, this stock has made its investors more than 5 times rich.
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Brokerage stock price soared today
Today, when trading started, Angel One opened at Rs 1,750.30 with a tremendous rise on NSE. Earlier on Wednesday, the stock closed at Rs 1,624.10. In a short time the of Angel One touched a new record high of Rs 1,794. However, there was some correction later and at 12 o’clock in the afternoon this was trading at Rs 1,725.70 with a gain of 6.26 per cent on NSE.
A year ago the price was at 52-week low
Angel One stock touched its 52 Week Low level exactly a year ago on 20 April 2021. That day the had fallen to a price of Rs 334. Today it went up to a high level of Rs 1,794. In this way, its price has increased 5.37 times in the last one year. If an investor had invested Re 1 in its shares at a low level a year ago, today the value of his investment would have increased by more than 5 times.
Profits have increased so much in the March quarter
In the March quarter, the company’s post-tax profit increased by 24 per cent on a quarterly basis. The company’s profit on a yearly basis has increased by 94.6 percent to Rs 205 crore. The company’s operating revenue has grown by 77 per cent year-on-year to Rs 410 crore during this period. There has been a growth of 16 per cent in revenue on a quarterly basis. The company’s management says that the March quarter has been the best quarter so far for Angel One.
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