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Arihant Capital Markets Ltd.

BSE: 511605 Sector: Financials
NSE: N.A. ISIN Code: INE420B01028
BSE LIVE 14:58 | 17 Feb 52.90 0.10
(0.19%)
OPEN

52.15

HIGH

52.90

LOW

52.15

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 52.15
PREVIOUS CLOSE 52.80
VOLUME 950
52-Week high 68.25
52-Week low 19.15
P/E 9.26
Mkt Cap.(Rs cr) 110.14
Buy Price 52.60
Buy Qty 50.00
Sell Price 53.95
Sell Qty 126.00
OPEN 52.15
CLOSE 52.80
VOLUME 950
52-Week high 68.25
52-Week low 19.15
P/E 9.26
Mkt Cap.(Rs cr) 110.14
Buy Price 52.60
Buy Qty 50.00
Sell Price 53.95
Sell Qty 126.00

Arihant Capital Markets Ltd. (ARIHANTCAPITAL) - Chairman Speech

Company chairman speech

Dear Shareholders

During the fiscal year 2016 the global economy experienced challenging conditions withslowdown in the world’s fastest growing economy – China dismal growth inadvanced economies and a sharp decline in commodity prices. The macroeconomic fundamentalsof the Indian economy continued to improve with several new initiatives launched by thegovernment to drive growth. However challenges still persist which was reflected in theperformance of the Indian equities during the FY.

In FY2016 your company’s consolidated total income was at Rs 51 crore and profitafter tax stood at Rs 8.5 crore. The slump in the income and profit figures was partiallyattributed to the market performance and overall decline in the market volumes. To addressthis your Company has put a new strategy in place that focuses on 3 things –addingvalue-added services to the product basket diversifying into different yet complementingbusiness segment and enhancing customer experience by being innovators in mobile andonline platforms. We are in a new era where digital disruption has become a norm andconstant reinvention has become crucial to grow and lead. These are extraordinary timesthat challenges us and helps us bring out the best in us. Fast simple and smart solutionsthat present the most complicated information in the simplest form is key to engagingcustomers. Initiatives like e-KYC has made instant account opening a possibility withoutthe hassle of any paperwork. Complex automated algorithms are starting to replace humansin many functions in the financial industry. What all this means is that we are presentedwith a huge challenge which we also perceive as a huge opportunity that we are geared upto tap on. Flexibility reinvention while staying true to our ethos of helping everyinvestor meet their financial dreams by offering them the right advice and solution willset our foundation of growth for the forthcoming financial year and beyond. We will workon the right blend of technology and human touch to offer customers not just a calculationbut a solution customized to their needs.

We have the right team the right intention and we are in the right place to moveforward and embrace the future that the newer technology and smart analytics can bring toour business and clients.

I truly believe the best is yet to come and we’re geared up for it.

We promise to deliver you better value every day and thank you for your trust in us.

Ashok Kumar Jain

Chairman & Managing Director