Anant Raj, a prominent player in the NCR real estate sector, has recently faced a steep decline in its stock price, dropping to levels unseen for months. Although there has been a slight recovery in the past few trading days, the shares are still significantly lower than their peak of ₹947. This notable decline from December’s highs to the current price of approximately ₹475 signifies a staggering 50% drop over just four months.
Recent Stock Performance
The downturn follows a remarkable surge that lasted from June 2022 to December 2024, during which Anant Raj’s stock skyrocketed by an astonishing 1,757%, rewarding its investors handsomely. This correction comes as a surprise to many, but the company remains committed to its diverse real estate development projects, which encompass residential, commercial, and hospitality sectors, alongside offering data center space and EPC services.
Analysts Remain Optimistic
Despite the current fluctuations in stock value, analysts are optimistic about Anant Raj’s long-term growth potential. They cite the increasing demand for data centers in India as a significant factor, driven by:
- A growing population of internet users generating vast amounts of data
- Government initiatives promoting data localization
- The rapid adoption of AI technologies
According to ICRA estimates, India’s data center operational capacity is projected to soar from around 1,150 MW in December 2024 to 2,000–2,100 MW by March 2027, highlighting a robust growth trajectory.
Investments in Data Center Infrastructure
In 2023, Anant Raj made a significant leap into the data center market, planning to invest ₹100 billion in the development of a 307 MW data center footprint. A report from domestic brokerage firm JM Financial indicates that the company aims to create Tier III and IV data centers, with up to 157 MW IT load, by modifying existing IT Park structures in Haryana. Additionally, 150 MW will be established through new greenfield projects across three strategic locations.
Launch of Cloud Services
Anant Raj has also ventured into the cloud service sector with the introduction of its “Ashok Cloud” platform, which currently operates with a 0.5 MW IT load. The company’s future plans include expanding this capacity to 14 MW by FY26, aimed at enhancing its cloud service offerings.
In December 2024, Anant Raj Cloud partnered with Orange Business to broaden its service range. This collaboration has enabled the launch of the sovereign cloud platform, enhancing its data center capabilities for enterprises and public sector entities in India. The completion of the deployment phase means Anant Raj has already begun onboarding customers, with the initial phase now operational in Manesar, Haryana.
Future Prospects
As Anant Raj Cloud continues to evolve, there are plans to introduce additional services that will better support the growth of its clients’ businesses. With strong backing from analysts and a clear vision for the future, Anant Raj is poised to capitalize on the burgeoning data center market in India.
For more insights into the evolving landscape of data centers and real estate development, explore our related articles on data center growth trends and real estate investment strategies.
