Anand rathi Share bonus issue , With a market capitalization more than Rs. 16500 crores on Friday, the shares of Anand Rathi Wealth Limited jumped upto 5.1 percent making a high of Rs. 4061.00 per share compared to its previous closing price of Rs. 3860.65 per share.
Anand Rathi Wealth further added that the deemed date of allotment would be Thursday, March, 6 for the allotment of 415,10,317 fully paid-up bonus equity shares of ₹5/- each in the proportion of 1:1. This means the company will issue one new fully paid-up equity share of ₹5/- for every one existing fully paid-up equity share of ₹5/- to the eligible shareholders as on the record date at no additional cost.
Stock Price Trend
According to the data available on BSE, Anand Rathi Wealth shares have gained 9% in the last one year while they have risen 7% in the past six months. Defying the recent slump in the stock market, the financial services company has risen 2% year-to-date and 5% in the past one month.
On a longer time frame, Anand Rathi Wealth shares have surged 411% in two years and 612% in three years, offering multibagger returns to investors.
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