Anand Rathi Wealth surges 17%, hits record high on healthy Q1 performance
19 October 2024
Shares of Anand Rathi Wealth hit a record high of Rs 1,089, as they rallied 17 per cent on the BSE in Thursday's intra-day trade after the company reported a healthy performance in the April-June quarter (Q1FY24). Its revenue growth came in at 21.3 per cent to Rs 178 crore, driven by healthy growth of 11.3 per cent quarter-on-quarter (QoQ) in assets under management (AUM). On year-on-year (YoY) basis, revenue and AUM grew 33.6 per cent and 32 per cent, respectively.
Shares of Anand Rathi Wealth hit a record high of Rs 1,089, as they rallied 17 per cent on the BSE in Thursday's intra-day trade after the company reported a healthy performance in the April-June quarter (Q1FY24). Its revenue growth came in at 21.3 per cent to Rs 178 crore, driven by healthy growth of 11.3 per cent quarter-on-quarter (QoQ) in assets under management (AUM). On year-on-year (YoY) basis, revenue and AUM grew 33.6 per cent and 32 per cent, respectively.
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