Business Details
Arihant Capital Markets is Financial services Company. It has more than 800 investment centers. With these investment centers it covers more than 185 cities.
The product and services offered by this Company can be divided into two parts one aimed at personal customers and other aimed at companies.
- Personal Customer or Retail Customers
- Equity, Currency, Commodities and IPO (using Online trading and mobile trading platforms)
- NRI services, Research services and stock lending and borrowing services
- Trading webinars, RGESS
- For Corporate or Companies
- Merchant banking
- Investment banking
- Institutional Broking
- FPI and Corporate investment services
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Stock Performance
Above is long term price performance of the Company. On absolute term like taking first and last price of above chart it has given close to 20 times return. Also the dividend yield of Company is very good. So investors have additional revenue source from it.
Majority of price action has taken place in last couple of years which is not good for any Company. I prefer Companies having incremental price actions.
My Opinion
The Company offers Demat services along with other services. The demat and individual investment services is in nascent stages in India but is highly competitive. There are discount brokerages which are doing wonders recently then we have Banks which are also trying to woo individuals having account with them.
So it becomes very tough for small players without an edge to compete with these players. Company is listed since 2002 but has not innovated with new products to compete with newer or existing players.
There are better alternatives or sub sectors available in Financial Services space compared to this Company. I would not recommend to invest in this Company. Note I am already invested in Financial space.