India's Anand Rathi rises on Q4 profit jump

Anand Rathi Wealth

15/04/2024 06:23

** Shares of Anand Rathi Wealth  ANAA.NS  up as much 4.5% at
4,189.85 rupees; last up 3.5% 
    ** Financial services firm on Friday reported 32.8% YoY rise
in consolidated net profit for March-qtr, revenue up 28.9% 
    ** Co also approved final dividend of 9 rupees per share,
proposed share buyback of up to 1.65 bln rupees (~$20 mln)
    ** More than 201,000 shares change hands by 10:46 a.m. IST,
1.9x the 30-day avg
    ** Stock trading above 200-day moving avg since Oct 2022 and
100-day moving avg since Dec 2022
    ** Including session's gains, stock up 60.3% YTD



($1 = 83.5400 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))