Anand Rathi Wealth Ltd has decided to issue bonus shares for the first time. The company will provide one bonus share for every share held by investors.
The record date for this bonus issue has been set for March 5, 2025, as per data from the Bombay Stock Exchange (BSE).
Record Date and Previous Dividends
The company has officially informed the exchange that eligible shareholders will receive one additional share for each share they own.
This announcement marks a significant step for the company in rewarding its investors. The record date is before March 10, confirming that eligible investors must hold shares before this date.
Last year, Anand Rathi Wealth traded ex-dividend twice, offering a dividend of Rs 16 per share on both occasions. Additionally, the company carried out a share buyback in 2024.
Stock Market Performance
On Friday, Anand Rathi Wealth’s stock closed at Rs 4001.15, gaining 0.33 percent by market close. Over the past two weeks, the stock has delivered over 10 percent returns to positional investors.
Over the last year, the stock price has increased by 9.45 percent, while the Sensex has grown by only 1.24 percent.
The company’s stock has a 52-week high of Rs 4640.55 and a 52-week low of Rs 3382.15. The current market capitalization stands at Rs 16,608 crore.
Long-Term Growth and Shareholding Pattern
In the past two years, the stock price has surged by 433 percent. Over the last three years, the company has provided a remarkable return of 616 percent to positional investors.
As of December, the promoters held a 47.99 percent stake in the company, while the public held 51.01 percent. However, in the June quarter, promoters owned 48.09 percent,
and the public held 51.91 percent, indicating that promoters reduced their stake during the June to September quarter.
