Nuvama Maintains 'BUY' Rating on Anant Raj Stock; Target Price Set at ₹700
Stock to Buy: Real estate company Anant Raj Limited is once again attracting investor attention. Brokerage firm Nuvama Institutional Equities has maintained its 'BUY' rating on the company, setting a target price of ₹700. While this is a reduction from the previous target of ₹750, it still indicates a potential upside of 40% from the current market price.
Strong Q4FY25 Performance
The company reported a consolidated net profit of ₹118.64 crore for the January-March 2025 quarter, a 51% increase compared to ₹78.33 crore in the same quarter of the previous year. Total revenue for the quarter reached ₹550.90 crore, up from ₹453.12 crore in the previous year.
Positive Full-Year Performance
For the fiscal year 2024-25, the company's net profit increased to ₹425.54 crore, compared to ₹260.91 crore in the previous year. Total revenue also grew to ₹2,100.28 crore, up from ₹1,520.74 crore in the previous fiscal year.
Brokerage's Updated Outlook
The brokerage revised its target price from ₹750 to ₹700. This revision primarily reflects uncertainties surrounding the company's data center segment strategy and fundraising plans. The brokerage now projects the company to achieve its 307-megawatt data center target by FY33 (previously estimated for FY31). Furthermore, EPS estimates for FY26 and FY27 have been reduced by 10% and 9%, respectively.
Share Performance
Anant Raj's share price remains approximately 48% below its all-time high. However, it has shown recent recovery:
– Approximately 18% increase in two weeks
– 10% growth in one month
– 40% decline in three months
– Strong returns of 248% over two years and 5427% over five years
(Disclaimer: The information provided here is for informational purposes only. Investing involves risks; please consult your financial advisor before making any investment decisions.)
