Tue Oct 15 08:04:54 UTC 2024: ## Angel One Shares Surge 14% on Strong Bullish Trend

**MUMBAI, INDIA -** Angel One shares experienced a significant surge today, closing at ₹3103.7, a 14.03% increase from the previous closing price. The stock’s positive performance comes amidst a generally weak market, with the Sensex down -0.25%.

Technical analysis suggests a strong bullish trend for Angel One, with the stock trading above both short and long-term moving averages. Volume traded for the stock today was 6547.88% higher than the previous session, further supporting the positive trend.

The company also boasts a solid fundamental performance. Its ROE stands at 43.29%, and the current P/E and P/B ratios are at 18.36 and 4.65 respectively. Despite a decrease in FII holding from 15.36% in June to 12.27% in September, MF holding increased from 0.75% to 0.87% during the same period.

While analysts predict a 10.24% upside in the next year with a target price of ₹2786.00, the strong bullish trend and positive technical indicators suggest a potential for continued growth in the near term.

Angel One’s performance mirrors that of its peers, which are also experiencing positive movements. This surge in the stock comes despite a negative performance in benchmark indices Nifty and Sensex.

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