Angel One Shares Decline 2% After JM Financial Downgrades Stock Despite Strong Q4 Results
Angel One shares drop 2% as JM Financial downgraded the stock following Q4 results. Should you buy, sell or hold?
The Economic Times
Image: The Economic Times
Angel One's shares fell over 2% to ₹315.73 following a downgrade by JM Financial, despite a strong Q4 FY26 performance with an 84% YoY profit increase to ₹320 crore. Brokerages are divided, with JM Financial raising its target price to ₹350, while Motilal Oswal maintains a 'Buy' rating with a target of ₹400.
- 01Angel One's Q4 FY26 net profit surged 84% YoY to ₹320 crore.
- 02JM Financial downgraded the stock to 'Add' but raised the target price by 5% to ₹350.
- 03Motilal Oswal maintains a 'Buy' rating with a target price of ₹400, suggesting over 24% upside.
- 04Elara Securities also retains a 'Buy' rating with a target of ₹350, anticipating margin improvements.
- 05The stock has rallied 40% since September 2025, reflecting strong near-term earnings momentum.
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Angel One shares experienced a 2% decline on Monday, trading at ₹315.73 after JM Financial downgraded the stock from ‘Buy’ to ‘Add’ following the company's impressive Q4 FY26 results. The brokerage noted a 84% year-on-year increase in net profit to ₹320 crore and a 39% rise in total gross revenue to ₹1,467 crore. JM Financial raised its target price by 5% to ₹350, indicating a potential upside of over 3% from the previous closing price of ₹322.47. Meanwhile, Motilal Oswal Financial Services reiterated its ‘Buy’ rating, increasing its target price to ₹400, which suggests an upside of over 24%. Elara Securities also maintained a ‘Buy’ rating with a target of ₹350, expecting margin improvements despite potential near-term pressures due to IPL-related spending. The stock has appreciated by 40% since September 2025, reflecting strong earnings momentum.
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The decline in Angel One's stock price may influence investor sentiment and trading strategies, particularly for those holding shares in the brokerage.
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