Angel One is now at attractive levels. Is it a bargain or a value trap?

A year is a long time in business. Ask brokerage player Angel One , once riding the highs of rapid investor influx, has taken a major blow in the last year. The stock has tumbled 26 per cent, with its P/E ratio now sitting below its five-year median of 19 times. The culprit is the increased regulatory scrutiny by SEBI.