Indian real estate firm Anant Raj jumps as Emkay starts with 'Buy'

Anant Raj

02/12/2024 08:21

** Real estate firm Anant Raj  ANRA.NS  climbs 4.3% after
Emkay Research starts with "buy" 
    ** ANRA eyes best day in over a month if trends hold 
    ** Emkay's PT on stock is 925 rupees - a 37.4% premium on
last close
    ** Says healthy launch pipeline to drive bookings, cash flow
    ** Says ANRA's availability of land and civil structures
gives it advantage among data centre peers for capacity addition
    ** Expects multifold growth in data-centre business as ANRA
plans to expand capacity to 307 MW from 6 MW in 4-5 yrs 
    ** Sees higher residential sales between FY24-27 on strong
launch pipeline in the national capital region
    ** ANRA up ~138% YTD vs ~33% rise in Nifty realty index
 .NIFTYREAL  
    
    

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))