Anand Rathi Soars On Strong Q1: SEBI RA Rajneesh Sharma Sees Breakout Beyond ₹2,300

Wealth services and brokerage firm Anand Rathi Wealth kicked off fiscal 26 with solid first-quarter earnings. After market hours on Thursday, the company reported a 27.4% increase in consolidated net profit to ₹93.91 crore, while revenue from operations surged 23.4% to ₹274 crore.

The stock surged over 5% at open on Friday. It is among the top 5 most trending stocks on Stocktwits.

From a technical perspective, Anand Rathi is showing strong bullish undertones on the charts, noted SEBI-registered analyst Rajneesh Sharma.

Anand Rathi stock closed at ₹2,119.80 on Thursday, rebounding off the median support band between ₹2,100 - ₹2,120, a zone retested six times since May 2024. With resistance pegged at ₹2,175 - ₹2,275, a breakout above this could open the path to ₹2,300 and beyond, Sharma said.

While Q1’s average daily volume hovered around 246,000 shares, Thursday’s lower volume at 126,000 shares ahead of the results suggests healthy consolidation before the next uptrend.

Apart from its impressive Q1 earnings, Anand Rathi also maintained a debt/EBITDA ratio of just 0.19×, among the lowest in the sector, and delivered ROCE and ROE of 56% and 45%, respectively, the analyst added.

The firm has consistently delivered over 20% profit after tax (PAT) growth for 14 straight quarters, with a mean quarterly PAT growth of 33.8% and minimal volatility, he said.

Looking ahead, Anand Rathi is focused on semi-urban expansion, digital platform upgrades, and structured product penetration.

It aims to maintain its 40% - 42% operating margin and exceed 55% ROCE through tech-led growth. While regulatory risks and market volatility persist, strong AUM inflows and digital scale-ups could serve as key catalysts.

A key metric to watch for is assets under management (AUM). The management has emphasized a purely bottom-up AUM strategy, which led to a 30% increase to ₹77,103 crore by March 31, 2025. Sharma has flagged the Q2 AUM update in October 2025 as an important indicator. 

Its year-to-date (YTD) gains stand at 3.44%.

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