After a muted debut on the stock market, Anand Rathi Shares and Stock Brokers Ltd. is witnessing an extraordinary rally. The stock has been on an uninterrupted 10-day gaining streak, making it one of the strongest performers in November so far.
Stock Jumps From ₹508 to ₹769 in 10 Sessions
The rally began after October 31, when the stock closed at ₹508. By Monday’s closing, it had soared to ₹769, marking a massive 85% surge over its IPO price of ₹414.
Despite a subdued listing at ₹432 per share, the stock’s consistent upward movement in November has caught investor attention.
Trading Activity Hits Record Levels
Trading volume has surged significantly during this 10-day rally:
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More than 10 lakh shares were traded daily for the last nine sessions
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Monday alone witnessed 40 lakh shares changing hands
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This is more than double the 20-day average of 16.4 lakh shares
Of the 40 lakh shares traded:
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8.4 lakh shares were marked for delivery
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This delivery figure exceeds the 20-day average of 4.8 lakh shares
However, overall delivery volumes during this rally have dropped to 28.6%, compared to the earlier average of 42%, indicating more speculative or short-term trades driving the momentum.
Exchanges Seek Clarification on Sharp Price Movement
With the stock climbing relentlessly, stock exchanges have sought an official clarification from Anand Rathi Shares and Stock Brokers regarding the unusual price behaviour. The company’s response is still awaited.
Performance Since Listing
Since its market debut:
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The stock has traded in 32 sessions
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It has declined only in 11 sessions so far
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Despite the soft listing, its overall performance remains strong
Currently, no analysts are officially covering the stock, leaving investors to rely on market trends and trading patterns rather than formal recommendations.
Latest Closing Price
On Monday, shares of Anand Rathi Shares and Stock Brokers Ltd. ended:
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4.8% higher
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At ₹768.5 per share