Anand Rathi Wealth Stock Price: In shares of stock broking firm Anand Rathi Wealth on 9th January A rise of up to 7.5 percent was seen during the day. However later it became lighter. The price went up to a high of Rs 4133.35 on BSE. The company had announced a day earlier that its board would also consider the proposal to give bonus shares to shareholders in the meeting to be held on January 13. After this update came out, buying in shares increased.
The market cap of the company is at the level of Rs 16300 crore. The face value of the share is Rs 5. The price has increased 42 percent in the last one year. Anand Rathi Wealth is preparing to distribute bonus shares for the first time. The company was listed on the stock exchanges in December 2021. Promoters held 47.99 percent stake in the company by the end of September 2024.
Rs 4,640.55 is 52 week high
Anand Rathi Wealth’s stock has a 52-week high of Rs 4,640.55 on BSE, which was created on December 9, 2024. The 52-week low of Rs 2,575 was recorded on January 16, 2024. The upper price band for the share is Rs 4,609.85 and the lower price band is Rs 3,073.25. The circuit limit is 20 percent.
​Profit increased by 32 percent in September quarter
Anand Rathi Wealth’s consolidated net profit for the July-September 2024 quarter increased by 32 per cent to Rs 76 crore from a year ago. A year ago it was Rs 57.5 crore. Revenue for the September 2024 quarter increased 32.8 percent to Rs 242.5 crore from Rs 182.6 crore in the September 2023 quarter. The company also recorded 70 percent growth in mutual fund distribution revenue to Rs 195 crore. Net inflows also increased by 128 per cent to Rs 5,700 crore compared to the September 2023 quarter.