Buzzing Stock: This small cap real estate company has given 23.04% returns in two days

Buzzing Stock: This small cap real estate company has given 23.04% returns in two days

by 5paisa Research Team Last Updated: 2022-02-16T18:38:45+05:30

The company has reported 34.01% YoY growth in revenue. 

Anant Raj Limited, a real estate development company is trading up by 4.21% on Wednesday; the share price of company has grown by 23.04% in two days after reporting strong Q3FY22 results.

In the quarter ended December 2021, Anant Raj Ltd.'s revenue grew by 34.01% YoY to Rs 97.37 crore from Rs 72.66 crore in Q3FY21. On a sequential basis, the top-line was up by 12.71%. PBIDT (Ex OI) was reported at Rs 22.54 crore, up by 137.26% as compared to the year-ago period and the corresponding margin was reported at 23.15%, expanding by 1008 basis points YoY. PAT was reported at Rs 10.01 crore, up by 295.65% from Rs 2.53 crore in the same quarter for the previous fiscal year. The PAT margin stood at 10.28% in Q3FY22 expanding from 3.48% in Q3FY21. PAT has plummeted by 23.18% on QoQ basis.

Anant Raj Limited is established in 1969 by Mr. Ashok Sarin. It 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 20,000 square feet of real estate projects in the Housing, Commercial, IT Parks, Shopping Malls, Hospitality, Residential and Affordable Housing sub-segments. The company was one of the main contractors that were recruited by major Government Agencies such as DDA, MES, PWD, CPWD, etc. Today, it is one of the largest real estate developers in the Delhi, NCR Region and is into almost all verticals of real estate.

In the early trade session on Wednesday, the stock of Anant Raj Limited is trading up by 4.21%, up by 4.21% or Rs 3.1 per share. The 52-week high of the scrip is recorded at Rs 85.95 and the 52-week low at Rs 40 on the BSE.

 

Also read: Stock to watch: Everest Kanto Cylinder


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