This real estate stock saw an intraday boom of 8% today; do you own it?

This real estate stock saw an intraday boom of 8% today; do you own it?

by 5paisa Research Team Last Updated: Dec 11, 2022 - 11:24 am 14.5k Views
Listen icon

Today Anant Raj Ltd informed BSE to consider and approve its unaudited quarter-ended results.

On Tuesday the stock opened at Rs 94.85 and hit a high of Rs 104.95. The stock surged sharply with an intraday boom of 8%. The 52-week high and low of the stock are Rs 104.95 and Rs 42.65. The current market cap of the company is Rs 3297 crore and the stock is trading at a PE of 44.61 times. The stock saw high volumes spurt by 3.61 times on BSE. This sharp increase in the stock price was seen after the company informed BSE to consider and approve its unaudited quarter-end results.

Anant Raj Ltd was incorporated in 1985 as Anant Raj Clay Products by 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 Delhi, Haryana, Andhra Pradesh, Rajasthan and the NCR region.

The company has successfully developed more than 20 msf of real estate projects in the Housing, Commercial, IT Parks, Shopping Malls, Hospitality, Residential and Affordable Housing sub-segments.

The commercial assets include three IT Parks at Rai, Manesar and Panchkula, one shopping mall in Karol Bagh, Commercial Building at Sector 44 Gurugram and two hotels that provide steady rental income. Co. has a total developed area of 5.5 msf of commercial space of which 30% of space is already leased out and generating income.

Companies 89% of revenue is generated from its Real Estate Sales and rental services amounts for the remaining revenue. The company's top line is expanded at a 10% CAGR during the past three years. The company's revenue for FY22 was Rs 462 crore. In FY22, it had a net profit of Rs 48 crore. The topline increased by a staggering 156% YOY in the June quarter to Rs 159 crore. Between Q4FY22 and Q1FY23, the operating profit increased from 11.6% to 20.1%. The business generated Rs 458 crore in cash from operations in FY22.

Share Market Today

How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Polymatech Electronics: ₹1,500 Crore IPO for Semiconductor Expansion

Polymatech Electronics, prominent semiconductor chip manufacturer based in Chennai, is gearing up for significant financial move with plans to launch₹1,500 cr initial public offering (IPO) by end of year. This IPO, double size initially envisaged, signifies company’s ambitious expansion strategy in semiconductor industry.

Vodafone Idea Sets Floor and Cap Prices for FPO Amid Market Speculation

In a major development, Vodafone Idea Ltd. has revealed the floor price and cap price, alongside the lot size, for its upcoming follow-on public offering (FPO). The telecom giant witnessed a decrease of more than 3.25% during early trading on Wednesday, settling at ₹12.51, thus holding a market capitalization exceeding ₹61,000 crore.

Bondada Engineering Share Price Surged by 1423.2%, Know Why?

Bondada Engineering, standout in integrated infrastructure sector, witnessed extraordinary surge in its share price, soaring by impressive 1423.2% since its debut on BSE SME platform in August 2023. Investors who were part of IPO allocation saw significant gains, potentially earning 18.3 lakhs in just over eight months.