BUZZ-India's Angel One slumps on posting slowest profit growth since listing

Shares of Angel One ANGO.NS fall as much as 6% to 2,300 rupees in early trade, lowest since Aug. 9

Stock top loser on Nifty smallcap index .NIFSMCP100, which is up 0.49%

Investment banking and brokerage services provider posts 8% Y/Y rise in Q3 profit, its slowest profit growth since listing in 2020

Says it faced tighter regulations in equity derivative sector, which raised entry barrier and made it more costly to trade in the asset class

Avg rating of seven analysts is a "buy"; median PT is 3,600 rupees - LSEG data

Stock fell about 16% in 2024 vs an around 24% gain in smallcap index

($1 = 86.5150 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))