Anand Rathi Wealth, A Financial Services Company, Launches 9% Increase In Issue Price

Anand Rathi Wealth, a financial services company, launches 9% increase in issue price

New Delhi, December 14, 2014 : .Shares in Anand Rathi Wealth performed well on Tuesday’s debut of the exchange.
Anand Rathi, a financial service provider founded in 1994, employs more than 2,500 people.

 Anand Rathi Wealth, A Financial Services Company, Launches 9% Increase In Issue-TeluguStop.com

With a premium exceeding 9 percent, the shares were traded on the stock exchanges for Rs 600.It lost some of its initial gains, due to profit booking, and settled for a little more than 6 percent.

On the first session, the share price was Rs 585.

“Long-term investors should hold this stock on the back of a strong industry outlook while those who applied for listing gain can keep a stop loss of Rs 550.New investors can look for buying opportunities at any dip with a long-term view,” said Santosh Meena, Head of Research at Swastika Investmart.

The firm’s market capitalisation is worth Rs 2,434 crore, NSE data showed.

“We believe the wealth creation industry has tremendous potential and may perform much better in the coming years.Short-term investors who got the allotment can place a stop loss of Rs 550, while long-term investors can hold the stock.New investors can look for long-term investment opportunities after the market stabilises,” said Parth Nyati, Founder of Tradingo.


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