Anant Raj Stock in Focus: ED Raid Selloff Leads to Major Bounce

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NCR’s real estate-to-digital infrastructure play recovers from a week of turbulence; Q4 FY26 results and dividend announcement await on May 11

By S. JHA

Mumbai, April 28, 2026 — Shares of Anant Raj Limited have been in focus in recent day. The stock has been buzzing with renewed investor interest. The realty major stock attempted a sharp recovery from the previous week’s steep sell-off.

Anant Raj share price on April 27, 2026 had plunged to the level of ₹464 on April 24. It rebounded sharply on April 27, while losing shine on Tuesday with about 1% cut. The stock had touched a day high of ₹492 on Monday — marking a significant bounce from a low of ₹466 intraday, and sitting 21.41 percent above its 52-week low of ₹403.

The recovery comes in the immediate wake of one of the sharpest single-session falls in the stock’s recent history, making Monday’s rebound a closely watched moment for both retail investors and institutional participants tracking India’s data centre theme.

The Trigger: ED Visit, Panic Selling, Then a Clarification

The turbulence began on April 24. Shares of Anant Raj Ltd fell sharply, sliding 8.84 percent to settle at ₹465. The stock recorded heavy trading volume, with around 3.36 lakh shares changing hands on BSE — far above the two-week average of 1.39 lakh shares.

The sharp drop came after a news report claimed that the Enforcement Directorate conducted a raid at the company’s Delhi office in connection with a money laundering case. Following the report, stock exchanges BSE and NSE sought clarification from the real estate firm.

The company moved swiftly to contain the damage. On April 25, 2026, Anant Raj Limited issued a clarification confirming that officials from the Enforcement Directorate conducted a visit to its offices and premises of specific executives to gather information. The focus of the inquiry was limited to past transactions involving the disposal and sale of investments in one of the company’s former associate firms. Management stated they extended full cooperation to the authorities, providing all requested documentation, data, and necessary clarifications.

Crucially, the company drew a firm line between the inquiry and its ongoing operations. The company emphasised that these proceedings have zero impact on their ongoing business activities, with operations across the Real Estate, Data Centre, and Cloud segments continuing to function as usual without any disruption.

Monday’s buying surge suggests the market broadly accepted that reassurance — treating the episode as an overshoot and rotating back in ahead of the May 11 results date.

Financials: A Consistent Growth Machine

Beneath the recent noise, Anant Raj’s fundamental trajectory has been one of the more impressive in the mid-cap real estate space. Net profit has risen for 17 consecutive quarters, from ₹11.82 crore to ₹144.25 crore, with an average quarterly increase of 13.6 percent. Revenue has grown for 15 consecutive quarters, from ₹168.94 crore to ₹660.38 crore, averaging 8.8 percent growth per quarter.

Revenue from operations grew 20 percent year-on-year to ₹642 crore in Q3 FY26, with operating margin improving to 26 percent and net profit rising 30.9 percent to ₹144 crore from ₹110 crore in Q3 FY25, resulting in earnings per share of ₹4.01.

For the first half of FY26, the picture was equally robust. The company reported revenues of ₹1,223.20 crore and profit after tax of ₹264.08 crore for H1 FY26.

The board meeting on May 11, 2026 will consider and approve the audited financial results for Q4 FY26 and the full financial year ended March 31, 2026, along with a proposal for the declaration of a final dividend. That twin announcement — results plus dividend — is a meaningful catalyst for re-rating.

The Data Centre Story: Where Valuation Meets Vision

What truly sets Anant Raj apart from a conventional real estate developer is its pivot into digital infrastructure, which has driven a significant re-rating of the stock over the past two years.

Anant Raj planned to scale its data centre and cloud services business to nearly $1 billion by FY32, with revenue from the segment expected to reach around ₹1,200 crore by FY27. The company has been executing steadily on this ambition. Through its wholly-owned subsidiary Anant Raj Cloud Private Limited, the company has formalised a ₹4,500 crore investment through an MoU with the Andhra Pradesh Economic Development Board for data centre and IT park development in Visakhapatnam, and is on track to achieve an installed IT load capacity of approximately 117 MW by end of FY28 across strategic locations. The company has an ambitious total capacity target of 307 MW by FY32, supported by a capital expenditure plan of $2.1 billion.

Data centre-linked stocks gained fresh attention after Budget 2026 announced long-term tax incentives for global cloud providers operating from India, and Anant Raj benefited from that theme, rallying as much as 7.43 percent to ₹570.55 on the NSE after the Budget-related data centre tax holiday announcement.

Technicals: A Bounce From Oversold Territory

Technically, the counter had been trading below its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day simple moving averages before Monday’s session, while the 14-day RSI stood at 43.41 — deeply in neutral-to-oversold territory. Monday’s sharp bounce off lows is consistent with a relief rally driven by the company’s clarification and pre-results positioning.

The stock hit a record high of ₹744.1 on October 7, 2025, and a 52-week low of ₹366.15 on April 7, 2025, giving it a wide trading range that reflects both the excitement around its data centre pivot and the volatility that comes with high-beta mid-cap narratives.

Nomura has reiterated its buy rating on Anant Raj, while cutting the target price to ₹700, citing reduced visibility on fund-raising through equity routes. That target still implies very meaningful upside from current levels for patient investors who look through the near-term governance overhang.

With Q4 FY26 results, a dividend announcement and FY27 guidance all due on May 11, Anant Raj enters its most important catalytic window of the year — and Monday’s recovery suggests the market is positioning ahead of it.

(Disclaimer: This article is only for informational purpose. Please consult a SEBI-registered financial advisor before making any investment decision.)