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Angel One Is Still A 'Buy' For Motilal Oswal Post Q1 Results, But Cuts Target Price — Here's Why
While the near-term outlook is not encouraging for the broking segment, the structural story remains intact, adds Motilal Oswal
18 Jul 2025, 12:33 PM IST 
Angel One's reported a total income of Rs 8.9 billion in Q1 FY26, in line with estimate.
(Photo: Envato)
Angel One reported a total income of Rs 8.9 billion (+7% QoQ/- 20% YoY) in Q1 FY26, in line with our estimate. Sequential growth was driven by a slight recovery in F&O activity, strong improvement in cash realisation, and robust traction in credit distribution.
