Anant Raj stock was quoting at ₹507.35, up 2.79 per cent from Monday's closing price of ₹493.60
Realty firm Anant Raj Ltd has reported a 51 per cent increase in consolidated net profit to Rs 118.64 crore for the fourth quarter of the last financial year. Its net profit stood at Rs 78.33 crore in the year-ago period. Total income rose to Rs 550.90 crore in the January-March period of 2024-25 fiscal year, from Rs 453.12 crore in the corresponding period of the preceding year, according to a regulatory filing on Monday. During the last fiscal, the net profit increased to Rs 425.54 crore, from Rs 260.91 crore in the 2023-24 fiscal. The total income grew to Rs 2,100.28 crore in 2024-25, from Rs 1,520.74 crore in the preceding year. Delhi-based Anant Raj Ltd has developed many real estate projects, primarily in North India. It develops housing, commercial and data centre projects.
Anant Raj share price slumped 8.94 per cent at Rs 580.55 a piece on the BSE in Monday's intraday trade despite the company reporting a 55 per cent increase in net profit for Q3FY25
The BSE Smallcap index has tanked 16 per cent, compared to the 12 per cent decline in the BSE Midcap and the 3 per cent fall in the BSE Sensex, thus far in January
The stock price of real estate company Anant Raj has appreciated by 40 per cent since December 2024
Shares of Eicher Motors, Anant Raj, Coromandel Int'l, Ipca Labs, and Lupin, among others too hit new record highs as the markets rallied higher
The rise in Anant Raj share price came after domestic brokerage Motilal Oswal Financial Services (MOFSL) initiated coverage with 'Buy' for a target price of Rs 1,100, reflecting an upside of 31%
The company has approved the allotment of 1.37 million fully convertible warrants at an issue price of Rs 730 per warrant, for cash, for an aggregate amount of Rs 100 crore on a preferential basis
HDFC Securities maintains a positive outlook on the overall residential real estate market, driven by robust end-user demand and the strong execution capabilities of established players
A combined total of nearly 1.22 million shares of the company worth approximately Rs 85.62 crore, have changed hands on both the NSE and BSE so far on Monday