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Smallcap stock jumps 4% after company to consider bonus issue

Leading small-cap company will hold a Board meeting on January 13, 2025, to consider a proposal for issuing bonus shares. The trading window is closed, and notice will be available online.
Smallcap stock jumps 4% after company to consider bonus issue
Smallcap stock jumps 4% after company to consider bonus issue

Introduction:

Leading small-cap company has announced that its Board of Directors will meet on January 13, 2025, to consider a proposal for the issuance of bonus shares. The decision aligns with SEBI regulations, and the trading window remains closed.

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Share price movement of Anand Rathi Wealth:

On January 9, 2025, Anand Rathi Wealth Ltd. opened at ₹3,980.00, up 3.64% from its previous close of ₹3,841.55. The stock reached a high of ₹4,133.35 (7.6%) and a low of ₹3,880.05. By 10:28 AM, it traded at ₹3,963.00, a 3.16% increase, with a market cap of ₹16,450.54 crore.

Anand Rathi Wealth to Consider Bonus Share Issuance:

Anand Rathi Wealth Limited has announced that its Board of Directors will consider a proposal for the issuance of bonus shares during the meeting scheduled for January 13, 2025. The proposal is in line with SEBI regulations.

As per the company’s update, the trading window remains closed for the bonus issue event. The notice for the upcoming Board meeting will be available on the company’s official website, ensuring transparency and compliance with SEBI (LODR) regulations.

Stock performance of Anand Rathi Wealth for Period of 1 week, 6 months and 1 year:

Anand Rathi Wealth Ltd. has experienced a 2.62% decline over the past week and a 4.03% drop over the last six months. However, the company has shown strong growth with a 37.9% return over the past year.

Also Read: Transformer stock jumps after it reports 21% increase in net profits in Q3; Announces 1:1 bonus issue

Shareholding pattern of Anand Rathi Wealth:

All values in %Sep 2024Jun 2024Mar 2024
Promoter48.00%48.10%48.00%
FII5.30%5.00%4.90%
DII8.00%8.30%8.80%
Public38.70%38.60%38.40%
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About Anand Rathi Wealth:

Anand Rathi Wealth Ltd (NSE: ANANDRATHI) is a leading non-bank wealth solutions firm in India, offering a wide range of wealth solutions, financial product distribution, and technology services. It is part of the Anand Rathi Group, founded in 1994.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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