India's Arihant Capital Markets soars on entry into discount broking business

Arihant Capital Markets

25/10/2022 08:31

** Shares of Indian financial service company Arihant
Capital Markets Ltd  ARCM.NS  up as much as 6.9% at 77.90
rupees, highest since Sept. 22
    ** ARCM posts biggest intraday pct gain since Oct. 14
    ** Co on Monday said it is entering the discount broking
business  urn:newsml:reuters.com:*:nFWN31N07H
    ** Co launched its new mobile trading app that will allow
trading of Indian-listed shares and securities, ARCM adds
    ** More than 212,000 shares traded by 0714 GMT, 1.4x 30-day
average of 155,662 shares
    ** ARCM set to post fourth straight session of gains
    ** Stock up 84.9% so far this year, as of last close
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))