India's Anant Raj gains after Nomura notes boost to data centre plans from budget

Anant Raj

02/02/2026 06:32

** Real estate developer Anant Raj's shares ANRA.NS rise as much as 13.1% to near 3-week high of 570.55 rupees, last up 3.3%

** Federal budget emphasises stepping up investments in cutting-edge technologies, including AI, tax exemptions for foreign firms using local data centres

** Nomura says given company's plan to ramp up data centre capacity to 307 MW from 28 MW, new tax exemption will help it to lease out incremental capacity, support colocation and cloud segments

** Peers, Macrotech Developers MACE.NS, Godrej Properties GODR.NS, DLF DLF.NS up 3.3%, 1.1%, and 1%, respectively

** YTD, Nifty Realty index .NIFTYREAL down 12.6% vs 4.8% losses in Nifty 50 .NSEI

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))