This company will give 180% dividend to investors
[ad_1]
Share Market: On the last trading day of last week, a decline was seen in the domestic market. However, on weekly basis both Sensex and Nifty remained in profit. Meanwhile, after market close, wealth management company Anand Rathi Wealth Pvt Ltd (Anand Rathi Wealth Ltd) released the results of the last quarter of the financial year 2023-24. There is a jump of about 34 percent in the annual profit of the company. The company has registered a net profit of Rs 226 crore from April 20223 to March 2024. The company has recorded a total income of Rs 752 crore during this period. Buyback of 3.70 lakh shares has also been approved by the company.
Company will give interim dividend of nine rupees
Anand Rathi Wealth Management said in its exchange filing that the company will pay an interim dividend of Rs 9 on a share with a face value of Rs 5. However, for this Anand Rathi Wealth Management will take approval from the members in the general meeting. If this is agreed to by the members of the company, then the dividend will be paid within 30 days. According to the information, Anand Rathi Wealth Management will spend Rs 165 crore on buyback of shares. The company has approved buyback at the share rate of Rs 4450.
Also Read: For the first time, record gold price crossed Rs 73300, demand for jewelery fell by 20%.
How is the performance of the company’s stock?
Anand Rathi Wealth Management’s stock has given tremendous returns to the investors in the share market. On Friday i.e. April 12, 2024, before the results came, the company’s share price closed at Rs 4,050 with a rise of 3.66 percent i.e. Rs 142.85. In the last five trading days, the company has given a positive return of 15.35 percent to the investors. Whereas, on a six-monthly basis, the company has given a return of 114.96 percent to the investors. Whereas, on annual basis the investors of the company have got a profit of 375.44 percent. A year ago, on April 13, 2023, the company’s stock price was Rs 851.85.
,Disclaimer: Investing in stock market or IPO is subject to market risk. Before investing in any share, get complete information from a good financial advisor. We are not encouraging investment in any company.,
[ad_2]
Source link
