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Rakesh Rawal, CEO of Anand Rathi Wealth, is confident in achieving their revised guidance of Rs 900 crore in revenue and Rs 290 crore in profit. Despite market volatility, they foresee 20-25% long-term growth potential, driven by robust client acquisition, increased relationship managers, and technology enhancements. They focus on technology for customer value and are open to new products.
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The companys revenue from operations in Q3FY25 dropped 23% year-on-year (YoY), falling to Rs 1,361 crore from Rs 1,774 crore in the corresponding quarter of the previous financial year.
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Kabra Jewels IPO opened for subscription on January 15, aiming to raise Rs 40 crore through a fresh equity sale of 31.25 lakh shares priced at Rs 121-128 each. The company plans to use the proceeds for debt repayment, working capital, and corporate purposes. The issue is managed by Marwadi Chandarana Intermediaries and will close on January 17.
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