NBFC giant, Anand Rathi has fixed its record date for upcoming bonus issue in the ratio of 1:1. The NBFC has also intimated about its bonus allotment meeting, where it will identify eligible shareholders to receive the reward. Currently, Anand Rathi share price is struggling to hold Rs 4,000 levels. However, the stock is broadly up nearly 9% in February so far. Going ahead, there is room for further buying in Anand Rathi.
Anand Rathi Share Price:
After market hours, Anand Rathi stock price closed at Rs 3988 apiece on BSE, down by 1.3% with market cap of Rs 16,554.31 crore. The stock's 52-week high and low is at Rs 4,640.55 apiece and Rs 3,382.15 apiece respectively. Its price-to-equity ratio is at 59.44x, while return on equity is about 47.6%.
Anand Rathi's monthly performance is up by 8.9% on BSE. Year-to-date, the stock is up by 1.3%. In the longest run, Anand Rathi's all-time gains come around 602.55% so far.
Anand Rathi Bonus Issue:
The NBFC player announced that the Bonus Allotment Committee has fixed the "Record Date" as Wednesday, 05th March, 2025 (T Day) for the purpose of ascertaining the eligibility of shareholders entitled to allotment of Bonus Equity Shares.
Following this, the deemed date of allotment would be Thursday, 06th March 2025 (T+1 Day) for allotment of 415,10,317 fully paid-up Bonus Equity Shares of Rs. 5/- each in the proportion of 1:1 i.e. 1 (One) new fully paid-up equity share of Rs. 5/- (Rupees Five only) for every 1 (One) existing fully paid-up equity share of Rs. 5/- (Rupees Five only) to the eligible shareholders as on the record date.
It said, the Company undertakes to submit the requisite documents to the depository for credit of the bonus equity shares in the depository system by noon and will ensure that the fully paid-up Bonus Equity Shares will be made available for trading on the next working date from the deemed date of allotment i.e. Friday, 07th March 2025 in accordance with SEBI Circular.
BUY Anand Rathi Stock?
As per Trendlyne data, the consensus recommendation from 2 analysts for Anand Rathi Wealth Ltd. is HOLD. The 1-year average target price is at Rs 4250 apiece, which suggests over 6% potential upside in Anand Rathi stock.
For Apr-Dec 2024 (9M FY25), the company posted a consolidated net profit of Rs 227 crores, registering a Y-o-Y increase of 34%. Total revenue during this period rose by 33% to Rs 739 crores.
In January month, during its financial result announcement, Rakesh Rawal, Chief Executive Officer, shared his insight on the company's performance stating: "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 ₹ 739 crores, while Profit after Tax (PAT) increased by 34% to ₹ 227 crores. Our AUM recorded a significant rise of 39%, reaching ₹76,402 crores."
He added, that day, "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."
About Anand Rathi:
Anand Rathi Wealth Limited is among India's leading wealth firms, catering to high and ultra-high-net-worth individuals. The company is in the business of private wealth with a unique and differentiative strategy for the clients. The company has a presence across 17 cities in India and a representative office in Dubai.
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