Shares of Angel One surged more than 10% in Thursday's intraday trade to hit fresh 52-week high after the stockbroker firm reported a 101% Year on year (YoY) rise in consolidated profit for the quarter ended March 31, 2022. The surge in share price of Angel One also comes after the company announced a final dividend of Rs 2.25 per equity share.  

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"Board of Directors at its meeting have approved and recommended the final Dividend of Rs. 2.25 per equity share for the financial year 2021-22. The dividend, if approved by the members of the Company at the ensuing Annual General Meeting ("AGM") will be paid within 30 days from date of AGM," read a regulatory filing by the company.  

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Multibagger return 

The scrip surged 10.3% to trade on new 52-week high of Rs 1792.95 per share in early trade on the BSE. At 9.50 am, shares of Angel One were trading with over 6% to Rs 1730.40 a share on the BSE.  

The stock has given a multibagger returns after listing last year. From 52-week low value of Rs 338.65 on April 22 last year, the counter has spurted to Rs 1792.95, recorded on Thursday.  

As on April 21, this multibagger share has gained over 400% in the past one year.  

Earlier, Angel One reported a 101% YoY rise in the consolidated profit at Rs 204.7 crore for the quarter ended March 31, 2022 against a profit of Rs 102 crore in the corresponding quarter of the previous financial year.  

The company's revenue from operations grew 64.3% to Rs 671.3 crore as against Rs 408.6 crore posted last year. EBITDA grew 94% YoY to Rs 285 crore as against Rs 146.9 crore posted last year.  

The margins improved to 43.5% in Q4FY22 as against 36% posted in Q4FY21.  

Angel One Ltd, formerly Angel Broking, is one of the largest independent full-service retail broking houses in India. Angel One is considered as a home to the independent database on the web covering the Indian online brokerage industry.