This BSE small-cap company hits a 52-week high on reporting a 35 per cent rise in Q3 consolidated net profit

Shares of the company have surged more than 15 per cent in the last 6 months.

Anand Rathi Wealth has reported results for the third quarter that ended on December 31, 2022. The company has reported a rise of 34.59 per cent in its net profit at Rs 42.90 crore for Q3FY23 as compared to Rs 31.87 crore for the corresponding quarter previous year. The total income of the company increased by 29.03 per cent to Rs 134.59 crore for the quarter as compared to Rs 104.31 crore for the same quarter in the previous year.

Anand Rathi Wealth is one of the leading non-bank wealth solutions firms in India. The company serves a wide spectrum of clients through a mix of wealth solutions, financial product distribution and technology solutions. It provides services primarily through its flagship Private Wealth (PW) vertical.

Today, the stock opened at Rs 752.05, with a high and low of Rs 768.00 and Rs 736.05. The stock previously closed at Rs 754.80. The stock is currently trading at Rs 757.75, up by 0.39 per cent. 

In the last six months, the shares of the company have given more than 15 per cent returns and in the last 1 year, the stock has given about 22 per cent returns.

The stock has a 52-week high of Rs 768.00 and a 52-week low of Rs 541.85. The company has a ROCE of 50.5 per cent and an ROE of 43.3 per cent with a market capitalisation of Rs 3,169 crore.