Anant Raj Limited: A data centre and real estate giant in the making has gained over 1,000% in three years

Anant Raj Limited has delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 21.30 on October 09, 2020, to Rs 235.60 on October 05, 2023, an increase of more than 1000% in a three-year holding period.

An investment of Rs 1 lakh in the shares of this company one year ago would have turned to Rs 11 lakh today.

The company’s subsidiary Anant Raj Cloud has started the first phase of its 3MW data center in a commercial building in Manesar. It has also been empanelled as a business partner with TCIL and RailTel for data centers. The data center is Tier-III compliant and IGBC certified. The company plans to expand it to 6MW in Q2FY24. The first phase will have a capacity of 450,000 square feet in an existing building with a 21 MW IT load and will be completed by FY24.

Anant Raj has reported a strong first quarter for FY24, with net sales growth of 98.36% to Rs 316.16 crore, compared to Rs 159.39 crore in the same quarter last year. The operating profit also saw a significant increase of 66.06%. The net profit for the quarter increased by 126.74% to Rs 48.25 crore, compared to Rs 21.28 crore in the same quarter last year.

Anant Raj Limited is primarily engaged in the development and construction of IT parks, hospitality projects, SEZs, office complexes, shopping malls and residential projects in the State of Delhi, Haryana, Andhra Pradesh, Rajasthan and NCR. The company has successfully developed more than 20 of real estate projects in the housing, commercial, IT Parks, shopping malls, hospitality, residential and affordable housing sub-segments.

Today, the stock opened at Rs 219.05, with a high and low of Rs 236.25 and Rs 219.05, respectively. The stock ended the trading session at Rs 235.65, up by 7.55%. The stock has a 52-week high of Rs 238.00 and a 52-week low of Rs 88.05.

The stock has shown impressive growth and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary