Anand Rathi Share Q2 profit up 50.3%, resistance at 593

Anand Rathi Share and Stock Brokers Q2 FY27 profit rose 50.3% to Rs 41.9 crore, with support at Rs 517 and resistance at Rs 593. Anand Rathi Share and Stock Brokers Limited [

] reported a 50.3% jump in Q2 FY27 consolidated profit on 13 October. The stock closed at Rs 543.70, down 1.25%, as the chart stays in a sideways range. Profit rose to Rs 41.9 crore from Rs 27.9 crore. Revenue grew 20.3% to Rs 273.2 crore from Rs 227.2 crore. EBITDA was Rs 99.9 crore at a 37% margin. The margin trading book rose 38.2% to Rs 1,499.3 crore. Non-broking income, up 21%, drove growth, led by margin trading interest, which rose 36.3% to Rs 49.6 crore. That reduces reliance on brokerage volumes. The trend is sideways. Price sits inside a range between the Rs 470 key support and the Rs 575 to Rs 593 resistance zone. Near-term support is Rs 517, the 20-day average. RSI is 58.34, above its average of 56.92, so momentum is mildly positive. A close above Rs 593 would end the range. A close below Rs 517 would shift the focus to Rs 470. A close below Rs 470 would break the range to the downside. Disclosure: I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.