Double Your Holdings! 1:1 Bonus Shares By BSE 500 Stock, Record Date Revealed; Bullish Signal Ahead?

Anand Rathi Wealth Limited is a non-bank wealth management firm in India that provides financial services and products. Following the Board's announcement of the record date for 1:1 bonus shares, Anand Rathi Wealth, a BSE 500 company, closed Monday's trading session 0.05% higher at Rs 4007.25 per share, with a market capitalisation of Rs 16,634.22 Cr.

Anand Rathi Wealth Bonus Shares Record Date

"We wish to inform you that the company has received In-principal approval under Regulation 28(1) of SEBI(LODR) Regulations, 2015 from BSE Limited and National Stock Exchange of India Limited vide letter dated 18th February, 2025 for issue and proposed allotment of 4,15,10,317 Bonus Equity Shares of Rs. 5/- each in the ratio of 1(one) new equity share for every (1) existing equity share held in the Company. Pursuant to the Regulation 42 of SEBI (LODR) Regulations, 2015, we hereby inform you 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 for allotment of Bonus Equity Shares," said Anand Rathi Wealth in a stock exchange filing.

Anand Rathi Wealth Bonus Shares Allotment Date

"Further pursuant to the SEBI Circular No. SEBI CIR/CFD/PoD/2024/122 dated 16th September 2024, we wish to inform you that 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. Further, the Company undertakes to submit the requisite documents to the depository for credit of the bonus equity shares in the depository system latest by 12:00 p.m. 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 No. SEBI CIR/CFD/PoD/2024/122 dated 16th September 2024," Anand Rathi Wealth informed stock exchanges.

Anand Rathi Wealth Share Price Target

"ANAND RATHI is currently trading at ₹3,937, The stock had been under selling pressure since mid-December but has now recovered nearly 19% from its recent low, suggesting growing bullish sentiment. having recently rebounded from a key support level while forming bullish candles over the past four trading sessions. This breakout from the previous downtrend's Previous swing high indicates a potential shift in momentum," commented Mandar Bhojane - Equity Research Analyst at Choice Broking.

"This positive outlook is further reinforced by increasing trading volumes, signaling strong buying interest among investors. Additionally, ANAND RATHI is trading above its 20-day, 50-day, and 200-day EMAs and has taken support at the 50-week EMA, further strengthening the bullish bias," the analyst added.

"A decisive move above the critical resistance level of ₹4,100 would serve as an ideal entry point for long positions, with an anticipated upside target of ₹4,300. Traders may consider entering at the current price of ₹3,937, with a stop-loss set at ₹3,830 to manage risk effectively. While the trade setup appears favorable, it is crucial to remain mindful of short-term volatility and adhere to strict risk management strategies for successful trade execution," Mandar Bhojane further recommended.

Disclaimer

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