“The key drivers have been increased in number of clients, increased per client AUM, increase in overall AUM, and increase in the relationship managers, the team size. So, all these factors have contributed to the growth which we have been able to achieve in the last quarter,” says Anand Rathi, Anand Rathi Group.What have been … Read more
Anand Rathi Wealth reported a consolidated net profit of Rs 76 crores for the quarter ended September 30, 2024 which is an increase of 32% compared to July- September 2023 (Q2FY24) period when the company had posted a profit after tax (PAT) of Rs 57 crore. The total revenue stood at Rs 250 crore in … Read more
Nestle India. Share Price 27372.40 03:57 PM | 01 Jan 2024 792.11(2.98%) Adani Enterprises. Share Price 2917.20 03:59 PM | 01 Jan 2024 68.25(2.39%) Adani Ports & Special Economic Zone. Share Price 1047.85 03:59 PM | 01 Jan 2024 23.50(2.29%) Tech Mahindra. Share Price 1297.15 03:59 PM | 01 Jan 2024 24.50(1.92%) Coal India. Share … Read more
“Consumer-oriented industries have bright prospects, thanks to a strong GDP growth rate and a high rate of domestic consumption. As India’s per capita income rises, the share of the wallet is shifting from goods to services,” says Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Shares and Stock Brokers. In an interview with ETMarkets, … Read more
Varun Saboo, Head Equities, Anand Rathi, says we are seeing all the midcap IT companies coming and giving a higher guidance versus fears settling in after Infy numbers. I do not see any challenge. It was more, Infy specific, probably a quarter’s problem. One has to keep an eye on TCVs and how things shape … Read more
Under pressure for a while now, PVR shares are trading near an important support zone. A solid base formation on technical charts puts it in a strong stead for a potential upside. While, the near term upside could be up to 14%, the stock has the potential to earn nearly Rs 600 per share for … Read more
A shock similar to one experienced by Silicon Valley Bank (SVB) is unlikely to occur in India owing to stringent regulation, supervision and accounting requirements for Indian banks, brokerage firm Anand Rathi said in a note. “Unlike in the United States, Indian banks must make provision for all unrealized marked-to-market losses outside their held-to-maturity (HTM) … Read more
NEW DELHI: India Cements, where seasoned investor Radhakishan Damani and his brother Gopikishan held over 21 per cent stake as of last available shareholding data, is set to announce its March quarter results later on Monday. Analysts largely expect the N Srinivasan-led cement maker to report profit in the Rs 40-75 crore range on double-digit … Read more