Anand Rathi’s management recently announced that it has approved a 100% interim dividend. The interim dividend will be credited/sent to shareholders no later than Friday, November 11, 2022, i.e. within 30 days of the declaration date. A dividend is a cash reward. It is given by the listed company to its shareholders. After making a large profit in a quarter or year, the company may offer a dividend to attract more investors to the stock.
In a stock exchange filing, the company advised: “We would like to inform you that the board of directors of the company, at its meeting held today, October 13, 2022, approved and declared the interim dividend of 100% (which is Rs. 5/shareholding) for the financial year 2022-23.” Anand Rathi is a leading financial services company founded in 1994.
Additionally, the company recently reported that to mark a 33% year-on-year gain in consolidated revenue to Rs. 138 crore for the quarter ended September 2022. Net profit for this stock increased by 41% to Rs. 43 crores during this period. The company’s assets under management gained 16% year-on-year to Rs. 35,842 crores as of September 30, 2022.
Anand Rathi – stock performance
The current market price of the company closed at Rs. 698.55 up 2.47%, on 15th October 22 on NSE. In the last month its stock price has gained 19.71%, in the last 6 months its price has fallen by 0.09%. However, over the past year, its share price has increased by 22.82%, making it a multibagger stock.
The 52-week high of this stock is Rs. 732, and the 52-week low of this stock is Rs. 542.05. This small cap company has a market capitalization of Rs. 2,890 crores.
Investing in stocks presents a risk of financial loss. Investors should therefore exercise caution. Greynium Information Technologies and the author are not responsible for any losses caused as a result of decisions based on the article. This article only includes recent stock market information on the companies.
Multibagger Smallcap Stock Announces 1:10 Stock Split, Share Up 285% in 1 Year
Stock to watch next week: L&T Infotech profit up 23% to Rs. 679 Cr, EPS rises to Rs. 38.75
Buy this small-cap healthcare stock, average occupancy rate rose 58%: Top Brokerage
Bonus Share: Multibagger Stock Revises Record Date For Bonus, Stock Rebounds 180% In 6 Months
Large cap stocks to buy: Yields a 23% gain in earnings, buy with Rs. 2,500 Target price: Axis Securities
Stocks to watch: Major stocks hit new 52-week high with strong near-term gain
Multibagger Adani Shares Down 10% in 5 Days, Weak Revenue Growth Fears: Buying Low?
Multibagger IT Stock Rallies 4% in Trade, After Q2 Revenue Gains of 31%
3 stocks to buy listed by Motilal Oswal for good gains
Buy HCL Technologies shares, says Emkay Global, sets target price of Rs 1070
Buy this IT stock, shares may rise on large-scale revenue growth
Major multibagger stocks hit a new 52-week high today in a flat market
For investment-related articles, business news and mutual fund tips
Article first published: Saturday, October 15, 2022, 11:40 p.m. [IST]