India, July 21 -- Broking as a standalone business has always carried a structural problem its revenue rises and falls with market volumes, which makes earnings lumpy and hard to forecast even for well-run firms. Anand Rathi's June quarter results show a company trying to solve that problem directly, not by growing faster, but by deliberately growing everything else around it just as fast, if not faster.

With a market capitalization of Rs. 3,295.65 crore, the shares of Anand Rathi Share and Stock Brokers were trading at Rs. 522.90 per share. The stock is trading at a P/E of roughly 25.51.

What's the News? Anand Rathi reported total revenue from operations of Rs. 246.1 crore for the June quarter, up 22.4 percent year-on-year, with EBITDA...