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Anand Rathi Q4 Results: Board has approved a proposal to buy back up to 3.7 lakh shares of the company at Rs 4,450 apiece for an amount not exceeding Rs 164.65 crore.
Anand Rathi Wealth Share Price Today - 2 Apr 2024: Find Anand Rathi Wealth Stock Price Live updates on Mint. Check out Anand Rathi Wealth share price and NSE/BSE details with 52-week high, 52-week low, Dividend, Technicals, Anand Rathi Wealth Quarterly Results, and more.
Data available from corporate database ACE Equity shows select 10 stocks with sizeable mutual Fund ownership have surged up to 617% in FY24.
The froth in the small and midcap (SMID) space is limited to a few pockets, but regulatory scrutiny could lead to sustained volatility, observe India's top-drawer wealth managers. They add that they have been advising clients to reduce their exposure to smallcaps. Anand Rathi Wealth, which manages investor wealth through mutual funds (MFs), reports that its exposure to smallcap stocks, both through MFs and directly, has decreased by nearly 7 percentage points in the past few months, now standing at 23 per cent.
On the upside, 21,500 will be an immediate hurdle for the Nifty 50, while 20-DMA round 21,700 will remain a key challenge.