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Anand Rathi Wealth announces 1:1 bonus shares

Updated at : 2025-01-13 22:25:01

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Anand Rathi Wealth will issue bonus shares in a 1:1 ratio, doubling shareholder equity. Q3FY25 net profit surged 33% YoY to ₹77.3 crore, while AUM grew 39% YoY to ₹76,402 crore.

WeWork India raised ₹500 crore via a rights issue to repay debt and reduce capital costs, progressing toward a debt-free status. The company operates 63 centres across 8 cities and plans a 2025 IPO.

HCL Tech exceeded expectations in Q3FY25, reporting robust net profit and margin growth, despite slightly below-estimate dollar revenue growth. The company raised its FY25 revenue guidance and maintained a lead over TCS in revenue growth metrics.

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Rising cash from operations reflects stronger profitability and better resource management. Here are the top five Nifty 50 companies with consistent annual growth in cash flow over the past five years.

Delta Corp reported a 3.6% YoY rise in Q3FY25 net profit to ₹35.73 crore, despite a 7.5% decline in revenue to ₹194.33 crore. Sequentially, net profit grew 32.4%, with expenses rising to ₹177.64 crore.

Indian indices continued their downtrend, with Sensex falling 1.36% and Nifty 1.47%. Realty, metal stocks, and banks faced significant losses, while Nifty holds 23,000 as key support.

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The Sensex plummeted 1,048 points to 76,330 on Monday, with 10 BSE largecap stocks hitting 52-week lows. This signals potential opportunities or underlying company challenges amid market volatility.

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JSW Cement received final observation from Sebi to raise Rs 4000 crore through an IPO. The IPO includes a fresh issue and an offer for sale. Proceeds will finance a new cement unit, repay debt, and for general purposes. The cement demand in India is expected to grow significantly in the next few years.

Complete Circle Capital raised $3 million in its first funding round, led by Mankind Pharma’s promoter family and Narinder Bajaj. Funds will drive AI-powered platform development, client service enhancements, and nationwide expansion to 25 locations.

Nifty showed a bearish breakout from a symmetrical triangle, breaching key support at 23,260. Analysts project further downside to 22,700–22,800, with 23,000 as a critical support level. Pullbacks remain sell-on-rise opportunities.

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