Investec cuts target price for Angel One to Rs 2,500 amid Sebi’s crackdown on F&O

Investec had previously set a target price of Rs 3,000 for the broking platform and has retained its ‘buy’ rating on the stock. The global brokerage firm notes that the overall impact of SEBI's guidelines is challenging to assess due to various factors. However, in a worst-case scenario, there is a possibility of a 50% reduction in derivatives orders per contract for Angel One.