Barely 6 weeks after listing, this stock is close to doubling after a 56% rally in 12 days

Barely six weeks after a muted listing, Anand Rathi Shares and Stock Brokers has turned into a striking momentum play, soaring 56% in 12 sessions and nearly doubling from its IPO price. The sharp spike in the shares has also alarmed the bourses. The exchanges have sought clarification from the company as investors track whether the company can sustain growth and margins amid intense broking competition.