Updated: December 13, 2025 (Saturday) — Indian markets are closed today, so the latest actionable price reference is the Friday, December 12 close.
Anant Raj Ltd (NSE: ANANTRAJ, BSE: 515055) has spent 2025 behaving like two different companies stitched together: a long-running NCR real estate developer and a rapidly scaling data center + cloud services play. That “hybrid” identity is exactly why the stock can swing hard—because investors can’t decide whether to value it like a property business, a digital infrastructure business, or both.
As of Dec 13, 2025, Anant Raj’s last traded/closing price stands at ₹550.45. [1]
Anant Raj share price snapshot (as of Dec 13, 2025)
Here’s what the tape says right now (based on the Dec 12 close and trading session stats):
- Last price / close: ₹550.45 [2]
- Day range (Dec 12): ₹506.25 – ₹556.55 [3]
- Volume (Dec 12): ~18.53 million shares [4]
- 52-week range: ₹376.15 – ₹947.90 [5]
- 1-year performance: down about 24% (as reported by ICICIdirect as of Dec 13) [6]
A quick reality check: at ₹550.45, the stock is still roughly 42% below its 52-week high of ₹947.90—so Friday’s jump (more on that below) happened in the middle of a wider drawdown. [7]
What moved Anant Raj stock heading into Dec 13?
1) A sharp rebound on Dec 12 after a weak patch earlier in the month
On Friday, Dec 12, Anant Raj rose about 9% to close at ₹550.45. [8]
That bounce matters because Anant Raj had just been flagged as one of the BSE500 names that declined for five consecutive sessions ending Dec 5, with a reported 5‑day fall of ~9% in that stretch. [9]
In other words: the stock didn’t “break out from calm.” It snapped back from a short-term pressure zone.
2) Heavy value turnover signaled real institutional attention (not just retail noise)
Market commentary on Dec 12 highlighted Anant Raj among the more actively traded names by value, with ~70 lakh shares having changed hands by around midday (a strong intraday activity signal). [10]
By the end of the session, overall volume reported on market trackers was far higher, reinforcing the “high participation” character of the move. [11]
3) Promoter-group buying showed up in disclosures during the pullback week
One of the most “current” data points around Dec 13 is insider trading / promoter group disclosures showing Shri Ashok Sarin Anant Raj LLP (promoter group) buying shares on multiple dates (Dec 8–12), including:
- 15,000 shares at an average price of ₹551.6 (reported Dec 12),
- 70,000 shares at ₹498.7 (reported Dec 9),
- plus additional purchases on Dec 10–11. [12]
Insider buying is not a guarantee of future returns (markets love humiliating certainty), but it’s a real-time sentiment clue: at least one promoter-group entity appeared willing to buy into the dip.
The big fundamental driver: Anant Raj’s data center and cloud expansion
If Anant Raj stock had a single keyword in 2025, it would be “IT load.” That’s the capacity metric for data centers, and management has been increasingly explicit about scale targets.
Management’s stated capacity roadmap
In its Nov 8, 2025 board meeting outcome filing, the company noted expansion plans via its wholly owned subsidiary Anant Raj Cloud—targeting expansion across Manesar, Rai, and Panchkula to 117 MW IT Load by FY28, with funding for capex stated as “lined up.” [13]
The same filing also states:
- Data center expansion at Rai (Sonipat) has commenced,
- initially 20 MW IT Load, and
- total planned capacity at Rai about 200 MW IT Load. [14]
The longer-range ambition: 307 MW and multi-thousand crore revenue targets
Economic Times reporting through 2025 consistently frames Anant Raj’s longer runway as much bigger than FY28.
- The company has talked about scaling to 307 MW by FY32, and targeting data center and cloud services revenue of about ₹1,200 crore by FY27 and ~₹9,000 crore by FY32. [15]
- One ET report also describes a ~$2.1 billion capex plan tied to scaling IT load capacity toward the 307 MW goal. [16]
Those are not small numbers; they imply a future where the market may increasingly value Anant Raj as digital infrastructure with a real-estate chassis, rather than the other way around.
Why the policy backdrop matters (and why investors keep bringing it up)
The same Economic Times coverage points to the draft National Data Centre Policy 2025, described as proposing long-duration incentives (including potential tax exemptions for qualifying developers) to accelerate India’s data center ecosystem. [17]
If incentives like that land in a meaningful way, they can materially change the economics of capex-heavy businesses—so they tend to amplify investor interest in early movers.
“Real estate is still the base layer”: project pipeline and RERA updates
Even while the market fixates on servers, Anant Raj is still very much a real estate developer with large NCR exposure.
New RERA registration in Gurugram (Sector 63A)
A key 2025 corporate disclosure: Anant Raj informed exchanges it received another RERA registration certificate for “Anant Raj Estate – Phase IV”, describing an additional project area of 6.0750 acres at Golf Course Extension Road, Sector‑63A, Gurugram, with RERA project code referenced in the filing. [18]
This kind of filing is easy to ignore during a “data center hype cycle,” but it’s fundamental to the company’s near-to-medium term cash generation in the core real estate business.
Delivery milestones and JV execution
In the Nov 8 filing, management stated that:
- Project Navya (via a 50:50 JV with Birla Estates) is expected to commence delivery of Phase‑2 from December 2025 onward, and
- delivery of Ashok Estate (over 20 acres; ~1.34 million sq ft development area) is “almost completed.” [19]
For developers, execution and handovers matter because they influence cash flows, reputation, and the next cycle of bookings.
Funding and corporate actions: the October QIP and a November acquisition filing
₹1,100 crore QIP (October 2025): fresh equity to fund expansion
Anant Raj completed a Qualified Institutional Placement (QIP) in October 2025. Exchange filings state:
- 1,66,16,314 equity shares were allotted to qualified institutional buyers,
- at an issue price of ₹662 per share,
- aggregating to about ₹1,099.99 crore. [20]
The allottee list in the filing includes institutional names such as Société Générale, BNP Paribas, Morgan Stanley entities, and others. [21]
This is relevant for two reasons:
- It strengthens the funding runway for capex-heavy ambitions (especially data centers), and
- it can change shareholding math via dilution.
Small but notable: subsidiaries acquired 100% partnership interest in a real-estate LLP
A Nov 26, 2025 exchange disclosure states Anant Raj subsidiaries Vrittanta Real Estate Pvt Ltd and Romano Builders Pvt Ltd jointly acquired 100% partnership interest in Blessed Landbase LLP by investing ₹20,000 (₹10,000 each). The filing describes the LLP as engaged in real estate activities and notes FY24–25 turnover as nil. [22]
This isn’t a “₹20,000 changes the universe” event. But it is part of a pattern: developers often rearrange SPVs/LLPs for land holding, permissions, and project execution.
Q2 FY26 results: strong growth, and the market keeps rewarding “execution”
Anant Raj reported its unaudited results for the quarter ended September 30, 2025 (Q2 FY26). In the consolidated statement:
- Total income: ₹640.89 crore (Q2 FY26) [23]
- Revenue from operations: ₹630.79 crore (Q2 FY26) [24]
- Profit for the period: ₹138.18 crore (Q2 FY26) [25]
- EPS (basic/diluted): ₹4.02 (Q2 FY26) [26]
The year-on-year comparison in the same results shows Q2 FY26 profit for the period rising versus the year-ago quarter (₹105.65 crore), signaling meaningful earnings growth even before the data center narrative reaches its long-term scale targets. [27]
Broker notes published later also echoed the “strong set of results” framing—while debating valuation and near-term margin shape. For example, a Moneycontrol brokerage write-up citing Motilal Oswal described Q2 FY26 revenue at about ₹6.3bn, PAT about ₹1.4bn, and maintained a Buy with a revised target price. [28]
Anant Raj stock forecast and analyst price targets: what the Street models say
Forecasts aren’t facts—they’re structured guesses with spreadsheets. Still, they matter because they influence flows.
Here are the most referenced targets/ratings visible in current public coverage and aggregators as of Dec 13, 2025:
- Nomura/Instinet: Buy; ₹700 target (maintained Apr 24, 2025) [29]
- Emkay Global Financial: Buy; ₹800 target (research report dated Aug 6, 2025; published Aug 8) [30]
- Motilal Oswal: Buy; ₹793 target (research report dated Nov 12, 2025; published Nov 14) [31]
- TradingView (analyst consensus shown on platform):₹764.33 1-year target (min ₹700; max ₹800) [32]
Why these targets differ so much
Three common reasons:
- Sum-of-the-parts (SoTP) math vs single-business valuation
Broker notes often value the real estate book differently from the data center/infra business. SoTP models can widen dispersion dramatically depending on assumptions. [33] - Timing of data center monetization
The difference between “capacity under build,” “capacity operational,” and “capacity contracted” is where expectations go to either become profits—or become disappointment. - Stock price volatility and entry-point bias
Targets are often anchored to the price at the time of writing. As the stock swings, targets that once implied big upside can turn into modest upside (or even downside) without the analyst changing their core thesis.
Technical view: strong bounce, but “mixed signals” is the honest label
From a purely market-structure perspective, Dec 12 was a high-volume bounce day with a wide range—often interpreted as aggressive dip-buying or short-covering, depending on who’s telling the story.
Some stock evaluation commentary around early December explicitly called out mixed signals—strong longer-term growth and quarterly financials, but technical indicator weakness and valuation concerns, prompting a “downgrade to Sell” style conclusion in at least one market note dated Dec 2. [34]
Meanwhile, broader price/volume dashboards (including Moneycontrol’s technical sections) showed strong activity around the Dec 12 move. [35]
The practical takeaway: the stock is trading like a high-beta story name—fast repricings around narrative catalysts, with technical conditions that can flip quickly.
Key “current news” timeline (what’s freshest going into Dec 13, 2025)
If you’re tracking Anant Raj stock like a news editor (or an investor who sleeps occasionally), here’s the short, relevant timeline:
- Dec 8–12, 2025: promoter-group entity reported multiple market purchases (insider trading disclosures) [36]
- Dec 12, 2025: stock closed at ₹550.45 after a sharp up-move; high trading activity noted in market commentary [37]
- Nov 26, 2025: subsidiaries acquired 100% partnership interest in Blessed Landbase LLP (exchange filing) [38]
- Nov 15–17, 2025: company flagged plans to invest ₹4,500 crore in Andhra Pradesh for a data centre and IT park (reported from regulatory filing / market coverage) [39]
- Nov 8, 2025: Q2 FY26 results + data center scale plan updates (exchange filing) [40]
- Oct 13, 2025: QIP allotment completed (exchange filing) [41]
- Oct 18, 2025: RERA registration certificate disclosure for Anant Raj Estate Phase IV [42]
Risks investors should watch (because every growth story has a boss fight)
Even a well-run “real estate + data center” thesis can stumble. The main risk buckets visible from current disclosures and coverage are:
- Execution risk on data center expansion: scaling from tens of MW to triple digits is a capex-and-operations marathon; timelines and utilization matter more than headlines. [43]
- Capital intensity and funding discipline: the company raised equity via QIP and has described funding being lined up, but returns still depend on efficient deployment and ramp. [44]
- Real estate cycle sensitivity: bookings, approvals, and delivery schedules can shift with demand, rates, and regulatory timelines. [45]
- Valuation and volatility: with the stock far below its 52-week high yet prone to sharp bursts, investors face both upside optionality and drawdown risk. [46]
Bottom line (Dec 13, 2025): Anant Raj remains a “hybrid story” stock—watch the execution metrics
At ₹550.45, Anant Raj stock is sitting at an interesting intersection: a real estate pipeline that still drives near-term cash flows, and a data center + cloud scaling plan that can reshape long-term valuation if executed cleanly. [47]
If the company keeps delivering on real estate handovers and moves data center capacity from “planned” to “operational + monetized,” the stock’s valuation narrative can change quickly. But if execution lags—or capex runs ahead of returns—volatility will remain the default setting.
References
1. www.icicidirect.com, 2. www.icicidirect.com, 3. www.moneycontrol.com, 4. www.moneycontrol.com, 5. www.icicidirect.com, 6. www.icicidirect.com, 7. www.icicidirect.com, 8. www.kotaksecurities.com, 9. m.economictimes.com, 10. www.marketsmojo.com, 11. www.moneycontrol.com, 12. trendlyne.com, 13. nsearchives.nseindia.com, 14. nsearchives.nseindia.com, 15. economictimes.indiatimes.com, 16. m.economictimes.com, 17. m.economictimes.com, 18. bsmedia.business-standard.com, 19. nsearchives.nseindia.com, 20. nsearchives.nseindia.com, 21. nsearchives.nseindia.com, 22. bsmedia.business-standard.com, 23. nsearchives.nseindia.com, 24. nsearchives.nseindia.com, 25. nsearchives.nseindia.com, 26. nsearchives.nseindia.com, 27. nsearchives.nseindia.com, 28. www.moneycontrol.com, 29. in.investing.com, 30. www.moneycontrol.com, 31. www.moneycontrol.com, 32. www.tradingview.com, 33. www.moneycontrol.com, 34. www.marketsmojo.com, 35. www.moneycontrol.com, 36. trendlyne.com, 37. www.marketsmojo.com, 38. bsmedia.business-standard.com, 39. m.economictimes.com, 40. nsearchives.nseindia.com, 41. nsearchives.nseindia.com, 42. bsmedia.business-standard.com, 43. nsearchives.nseindia.com, 44. nsearchives.nseindia.com, 45. bsmedia.business-standard.com, 46. www.icicidirect.com, 47. www.icicidirect.com


