140 per cent final dividend: This small-cap stock zoomed 6 per cent to make a new 52-week high!

The stock has witnessed positive momentum in the past 6 months as it has surged more than 20 per cent

On Thursday, shares of Anand Rathi Wealth zoomed more than 6 per cent to make a new 52-week high of Rs 884 apiece. The scrip witnessed a massive spurt in volume by more than 3.8 times.

The company’s consolidated total revenue for Q4FY23 witnessed a growth of 28.1 per cent from last year same quarter to Rs 146.8 crore, while consolidated net profit was Rs 42.7 crore, recording a growth of 23.4 per cent from corresponding quarter last year.

The company's board of directors announced a final dividend of Rs 7 per share for each equity share with a face value of Rs 5, amounting to 140 per cent of the face value. The total dividend for the current fiscal year FY23 is Rs 12 per equity share, which includes an interim dividend of Rs 5 per equity share.

Anand Rathi Wealth is a financial services firm based in India, providing a range of services such as wealth management, investment banking, corporate advisory, brokerage and more. Founded in 1994, the company has a strong presence in multiple cities in India, and is known for its research-driven approach to investing and financial planning.

The stock has witnessed positive momentum in the past 6 months as it has surged more than 20 per cent. Keep a close eye on this trending stock.