Anand Rathi Wealth’s stock jumped 7.5% in early morning trade on Thursday, January 9, following the company’s announcement that its board will think about issuing bonus shares the following week. The company informed stock markets in a post-market announcement on Wednesday that its board will meet on Monday, January 13, to talk about the bonus share issue.
This is to inform you that, among other things, the Board of Directors will consider a proposal to issue bonus shares to the company’s shareholders, according to a January 1, 2025, notification about the proposed Board Meeting scheduled for Monday, January 13, 2025, the company said in an exchange filing.
Stock Performance
On January 8, 2025, the BSE benchmark Sensex closed down 50.62 points to 78,148.49, while the price of Anand Rathi Wealth’s shares ended 1.13% lower at ₹3,863.55. The share price of Anand Rathi Wealth peaked on December 09, 2024, at ₹4,640.55, and fell to ₹2,575.00 on January 16 of the same year. According to the BSE, 4010 shares of the stock were exchanged overall, generating ₹1.54 crore in turnover.
According to exchange data, Anand Rathi Wealth shares are currently trading at a price-to-book (P/B) ratio of 27.26 and a price-to-earnings (P/E) ratio of 61.40x, based on its trailing 12-month earnings per share (EPS) of ₹62.57.
About the Company- Anand Rathi Wealth
Anand Rathi Wealth Limited was first established on March 22, 1995, under the name “Hitkari Finvest Private Limited.” After that, on April 6, 2005, it changed its name to “AR Venture Funds Management Private Limited.” On March 8, 2007, it changed its status from Private Limited to Public Limited Company and adopted the new name “AR Venture Funds Management Limited.” AR Venture Funds Management Limited was subsequently renamed ‘AR Venture Funds Management Private Limited’ on July 7, 2015, after being converted to a private company.
Then, on April 3, 2017, AR Venture Funds Management Private Limited was once more changed to a public company under the name “AR Venture Funds Management Limited.” AR Venture Funds Management Limited was subsequently renamed Anand Rathi Wealth Services Limited on July 6, 2017, later changed its name to Anand Rathi Wealth Limited on January 7, 2021. The business started out as a mutual fund distributor that was registered with AMFI.
