India's Anand Rathi Wealth hits record high on strong Q2 results

Anand Rathi Wealth

14/10/2022 05:38

** Shares of Anand Rathi Wealth Ltd  ANAA.NS  rise as much
as 7.48% to a record high of 732 rupees
    ** Stock up for third straight session
    ** Co on Thursday reported a ~41% jump in Sept-qtr profit to
429.2 mln rupees ($5.22 mln), with rev from ops rising 33% to
1.36 bln rupees
    ** Wealth management co also declares interim dividend of 5
rupees per share
    ** More than 441,000 shares change hands by 0429 GMT, 8.5x
30-day avg of 52,476 shares
    ** Median PT of the stock is 830 rupees - Refinitiv data
    ** Stock up 15.73% so far this year as of last close
 
 ($1 = 82.2590 Indian rupees)
 (Reporting by Atreya Raghavan in Bengaluru)
 ((Atreya.Raghavan@thomsonreuters.com; Mobile: +91 8527959656))