Anand Rathi Wealth zooms 16% to hit record high on strong Q4 results

The management expects an increased inflow of funds and consistent growth in AUM in the coming quarters.

Shares of Anand Rathi Wealth zoomed 16 per cent to Rs 711.95 on the BSE in Wednesday’s intra-day trade after the company reported strong results with its profit after tax (PAT) and operating profit more-than-doubling in the March quarter (Q4FY22).

The company’s assets under management (AUM) rose 23 per cent year-on-year (YoY) to Rs 32,906 crore during the quarter, which helped it to deliver strong growth in topline and much higher margins.

The stock of the leading non-bank wealth solutions firm was trading at the highest level since its listing on December 14, 2021. The company had raised