BofA acquired Angel One shares at a price of Rs 2,293.21 per share which was at a 1.5% discount over the Thursday closing price of Rs 2,330.20 on the NSE. Today the stock closed at Rs 2,325.40, down by Rs 4.80 or 0.21%.
As for Nuvama, BofA picked shares at a price of Rs 5,930.43 per share, which was at a 1% premium over previous closing price of Rs 5,874. Today, the stock ended at Rs 5,950, gaining by Rs 76 or 1.3%.
In both the deals, Hong-based OXBOW Master Fund Limited was the seller. The fund sold 15.22 lakh shares of Angel One for Rs 349 crore while offloaded over 2.6 lakh shares at a cost of Rs 154 crore.Angel One reported a sharp decline in its quarterly earnings for the fourth quarter of FY25. The brokerage firm’s profit after tax fell by 48.7% year-on-year (YoY) to Rs 174.52 crore in the said quarter. It also posted a 38% quarter-on-quarter (QoQ) drop in profit after tax (PAT), down from Rs 281.5 crore in Q3FY25.
Angel One’s total income also saw a decline of 16% QoQ, falling from Rs 1,263.8 crore in Q3FY25 to Rs 1,057.8 crore in the March quarter.
Angel One shares have been on a falling curve witnessing a share price erosion of 23%, this year. On a one year basis, the decline is to the tune of 4%.
Nuvama on the other hand, has fallen 15% in 2025 so far while its returns over a 1-year period stand at 18%.
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