1:1 Bonus Shares Recommended By BSE 500 Stock: Record To Be Set; Multiply Your Wealth?

One of the top wealth management companies in India, Anand Rathi Wealth Limited serves individuals who have high and ultra-high net worth. The firm specialises in private wealth and offers its clients a distinctive and differentiating approach. In addition to a representative office in Dubai, the organisation is present in 17 Indian cities. Since 2002, Anand Rathi Wealth Limited, an AMFI-registered mutual fund distributor, has operated as a private wealth company. Additionally, it has over 383 Relationship Managers working out of 17 locations-Mumbai, Bengaluru, Chennai, Kolkata, New Delhi, Hyderabad, Ahmedabad, Visakhapatnam, Pune, Noida, Gurugram, Chandigarh, Jodhpur, Coimbatore, Nagpur, Jabalpur, and Lucknow-and is registered with AMFI as a Mutual Fund Distributor.

Anand Rathi Wealth Bonus Shares

The Board of Directors "Recommended Issuance of Bonus Shares by way of capitalization of reserves, in ratio of 1:1 i.e. 1(one) new fully paid-up Equity Shares of Rs. 5/- (Rupees Five only) each for every 1(one) existing fully paid-up Equity Shares of Rs. 5/- (Rupees Five only) each held by the eligible shareholders as on the Record Date, subject to shareholders approval through postal ballot and any other applicable regulatory and statutory approvals. The record date will be intimated separately by the Company," said Anand Rathi Wealth in a stock exchange filing.

Anand Rathi Wealth Financials

Anand Rathi Wealth Ltd. said on Monday that its consolidated net profit for the December quarter increased by 33% year on year to Rs 77.3 crore. In the same quarter of the previous fiscal, the firm reported a profit of Rs 58 crore. The firm claimed in its press release that its overall sales for Q3FY25 was Rs 244.2 crore, up 30% YoY from Rs 187.3 crore during Q3FY24. The company's overall revenue for the nine-month (April-December) period of FY25 was Rs 739 crore, representing a 33% year-over-year rise, while its profit after tax rose 34% to Rs 227 crore.

Mr. Rakesh Rawal, Chief Executive Officer of Anand Rathi Wealth said, "We are thrilled to report another outstanding financial result and extend our heartfelt gratitude to our clients and team members for their continued trust and support. During the nine-month period of FY25, our total revenue grew by 33% Y-o-Y to Rs 739 crores, while Profit after Tax (PAT) increased by 34% to Rs 227 crores. Our AUM recorded a significant rise of 39%, reaching Rs 76,402 crores."

"We have achieved 75% of our revised revenue guidance of Rs 980 crores and 77% of our revised PAT guidance of Rs 295 crores in the first nine months of FY25. Additionally, we on boarded 1,785 new client families during last one year, bringing our total client base to 11,426 families. As a part of our policy to reward our shareholders, the Board has approved one bonus equity share for every one equity share held by shareholders, subject to approval of shareholders. India's economy continues to grow steadily, driven by rising income levels and increased financialization. This shift is driving unprecedented financial activity and positioning wealth management industry exceptionally strong position. We believe that our business holds inherent growth potential of 20-25%, which we expect to sustain for many years. Our confidence stems from our uncomplicated wealth solutions for our clients to build their wealth seamlessly," he added.

Mr. Feroze Azeez, Deputy Chief Executive Officer, said: "The magnitude of capital poised to flow into India is substantial and unprecedented. With a growing investor base and positive macroeconomic indicators, the Indian equity market presents an unparalleled opportunity for both domestic and foreign investors. This vast pool of capital, combined with India's strong performance, makes the equity markets a more compelling investment destination."

"We believe our performance has been consistent and market agnostic. If you look at the worst NIFTY performance after we have got listed; was Q1FY23 when it fell by 9.6% and last quarter when it fell by 8.4%. However, for that both quarters our profit grew by more than 33% on year-on-year basis. We have recorded highest ever quarterly net inflows during last quarter in spite sentiment not being the best. During 9M FY25 our total net inflows registered a remarkable year-on-year growth of 69%, reaching Rs 9,145 crores," Feroze Azeez claimed.

"Our client centric approach has resulted in 0.28% client attrition rate in terms of AUM lost during the nine months of FY25. In the last quarter, we achieved near-zero regret RM attrition, following five consecutive quarters of zero regret RM attrition. This is a true testament to our entrepreneurial work culture and our unwavering commitment to the growth and satisfaction of our team," he further stated.

Anand Rathi Wealth Share Price Target

Hardik Matalia - Derivative Analyst at Choice Broking said, "ANANDRATHI is currently trading near 3960, exhibiting a sideways trend. The stock has recovered strongly from its intraday lows, finding support at the 200-day EMA, which highlights a potential consolidation phase. While the price remains below the 20-day and 50-day EMAs, suggesting short-term weakness, the longer-term bullish trend remains intact as the stock stays above the 200-day EMA. The Relative Strength Index (RSI) at 46.55 indicates neutral momentum, aligning with the ongoing consolidation."

"On the technical front, immediate support is positioned around 3900, making it an attractive entry point for investors looking to buy on dips. Resistance levels are identified between 4100 and 4200, with a short-term target set at 4400. This suggests a promising upside potential if the stock confirms a bullish reversal. However, investors should exercise caution and manage risks effectively by maintaining a stop-loss at 3800 to protect against adverse movements," he added.

"In conclusion, ANANDRATHI offers a compelling buying opportunity near its support levels, provided there is confirmation of a bullish trend. The current setup is suitable for those aiming for a 4400 target, provided prudent risk management measures are in place. As the stock consolidates, monitoring key levels and market sentiment will be crucial for optimizing entry and exit points," commented Hardik Matalia.

Disclaimer

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