Bank of America (BofA) on Friday bought shares in Angel One and Nuvama Wealth Management via block deals. In the former case, BofA bought over 15.19 lakh shares worth Rs 348 crore through its French subsidiary BofA Securities Europe SA while in the latter case 2.59 lakh shares amounting to Rs 154 crore, were purchased.
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%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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