Anand Rathi Wealth shares dip 1.51% despite mixed Q3 results

Shares of Anand Rathi Wealth experienced a decline in morning trading on BSE on Monday (January 15, 2024) following the company’s announcement of mixed third-quarter numbers. The mid-cap company’s stock was down by 1.51%, amounting to Rs 42.65, at 9:48 am on Monday.

In the Q3 results, reported after market hours on Friday, the company displayed a revenue increase of 31.9%, and the profit also witnessed a notable surge of 35%. Additionally, Assets Under Management (AUM) showed a significant jump of 43%. Despite the positive aspects in the financial report, the stock faced a dip in the early trading session.