Wealth management firm Anand Rathi Wealth Ltd. saw its stock price appear to drop by as much as 50% in various trading applications today. This sharp decline is not a true loss in value but rather a technical adjustment following the company's 1:1 bonus share issuance.
Bonus Share Details and Market Impact
Anand Rathi Wealth announced a 1:1 bonus share ratio, meaning eligible shareholders received one additional share for every share they held. Wednesday, June 3, 2026, was set as the record date to determine eligibility for these bonus shares. The company plans for a deemed allotment date of Thursday, June 4, and an effective listing of the new bonus shares on Friday, June 5.
Following this corporate action, the stock traded ex-bonus on June 3, 2026. Shares, which closed at Rs 3,540.55 on Tuesday, opened at Rs 1,770.35 on Wednesday, reflecting the 1:1 split. Some trading platforms may have initially displayed the unadjusted previous day's closing price against the adjusted opening price, leading to the perception of a 50% fall.
Despite the initial adjustment, Anand Rathi Wealth shares later rose by 2.82% to Rs 1,820.40 on Wednesday, pushing its total market capitalization close to the Rs 30,000 crore mark. The stock has demonstrated strong performance, having zoomed nearly 88% over the last year, although it has tumbled from its adjusted 52-week high of Rs 3,983.40, hit on May 29, 2026.
Shareholding and Analyst Outlook
As of March 31, 2026, promoters hold 43.11% of the company, while public investors account for 56.89%. Domestic institutions, including mutual funds and insurance companies, own 9.10% stake, and foreign investors hold 5.78%. Over 61,000 retail investors collectively own approximately 32.18% of the company for Q4FY26.
Several financial analysts have offered their perspectives on Anand Rathi Wealth's stock. Bernstein maintains a 'market-perform' rating with a target price of Rs 3,280. Motilal Oswal Financial Services has issued a 'neutral' rating, setting a target price of Rs 3,100, while Ventura Securities has a target price of Rs 3,217 for the stock.