Bonus Share News: Shares of Anand Rathi Wealth Limited rose by another 4.5% on Friday after gaining 2.7% on Thursday. With this, the shares rose by a total of 4% by the end of the week, which is a better performance than the 6% decline of the Nifty Midcap index and the 7% decline of the Smallcap index.

On Monday, January 13, the board of Anand Rathi Wealth will discuss its October-December quarter results. Apart from this, the company will also consider issuing bonus shares to its shareholders for the first time.

Shares increased 7 times Anand Rathi Wealth listed in December 2021 with a 9% premium over the issue price of Rs 550 per share. Since then, the shares have increased seven times from their IPO price. Currently, the company's market cap is close to Rs 18,000 crore. Benefits to shareholders
 

• The company has so far given a dividend of Rs 44 per share.
• In June 2023, Anand Rathi Wealth had bought back its shares at a price of Rs 4,450 per share. However, the shares are currently trading below that level but have touched an all-time high of Rs 4,646.

Shareholding Pattern
 

• As of the end of September quarter, promoters held 47.99% stake in the company.
• Indian mutual funds hold 7.9% stake, including SBI Smallcap Fund with 1.83% and Quant Smallcap Fund with 2.67%.
• Foreign portfolio investors hold 5.3% stake.
• Retail investors (with investments up to ₹2 lakh) hold 17% stake in the company.

On Friday, Anand Rathi Wealth shares closed at Rs 4,116 with a gain of 4.4%. Shareholders and investors are now eyeing the board meeting on Monday, where a decision can be taken on bonus shares.