India's Anand Rathi jumps to record high on Q4 net profit rise

Anand Rathi Wealth

13/04/2023 06:57

** Shares of Anand Rathi Wealth  ANAA.NS  rise as much as
6.54% to a record high of 884.55 rupees
    ** Financial services firm reports 23% YoY rise in
consolidated net profit in fourth quarter to 424.49 mln rupees
    ** Revenue rises 27% to 1.43 bln rupees, while consolidated
core profit rises 33%
    ** Co's core profit margin expands to 42.55% from 40.53% in
the corresponding period a year earlier
    ** ANAA logs total revenue of 5.38 bln rupees in FY2023, up
31% YoY
    ** Stock's relative strength index is 74, suggesting it may
be overbought
    ** MACD (moving average convergence divergence) line is
above the signal line since April 12, suggesting bullish bias -
Refinitiv data
    ** Stock most active in six months since Oct. 14, with
trading volume of 558,119 shares as of 11:15 a.m. IST, 11x the
30-day avg - Refinitiv data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))