Today, we recommend two stocks, one from the waste management sector and another from the real estate/construction sector, recommended by the Trade Brains Portal, to buy for an upside potential of up to 31%. We also analyzed the market’s performance on Thursday to understand what may lie ahead for the stock indices in the coming days.
1. EMS Ltd
- Current price: ₹581
- Target price: ₹745
- Upside: 28%
- Time frame: 16-24 Months
Why it’s recommended
EMS Ltd. is a highly diversified, multidisciplinary EPC (engineering, procurement, and construction) company with more than 14 years of experience. It is mainly engaged in the water and wastewater management segment, offering both EPC and O&M (Operation & Maintenance) services. The company also undertakes EPC projects in electrical transmission and distribution, building construction, and public infrastructure development. EMS Ltd. has a strong track record, having completed 18 projects since April 2021. Its current order book stands at Rs 2,236.4 crore. Its operations are spread across Rajasthan, Maharashtra, Uttar Pradesh, Bihar, West Bengal, and Uttarakhand.
The company has completed a diverse range of projects since FY21, including the supply, laying, jointing, testing, and commissioning of 1500 mm dia PCCP pipes in Kanpur; trenchless sewer line installations ranging from 150 mm to 1200 mm in Moradabad; and the construction of an 88 km sewerage network in Patna.
The company reported revenue of Rs 965.83 crore in FY25, reflecting a 21.74% growth over FY24. Revenue has grown at a strong CAGR of 48.46% since FY22. EBITDA for FY25 stood at Rs 251.16 crore, increased by 23.2% year-on-year from Rs 203.84 crore in FY24, with a CAGR of 31% since FY22. The company also reported a PAT of Rs 183.78 crore for FY25, a 20.3% growth over the previous year. Profit after tax has grown at a CAGR of 33% since FY22. Notably, EMS Ltd maintains a very low debt profile, with a debt-to-equity ratio of just 0.09x as of FY25.
In the water and wastewater management sector, the company ranks among the top 6-7 players in India by revenue. The total size of the water sector is around Rs 12 lakh crore, with Rs 4-5 lakh crore already executed. This presents robust growth opportunities. Additionally, the sector receives around Rs 1 lakh crore in annual budget allocations from both central and state governments.
Risk Factors
The company’s growth is mainly dependent on successfully winning and executing government tenders; thus, any unforeseen delays in project execution could negatively impact both revenue and profitability. Additionally, as most projects are government-driven, the risk of blacklisting poses a threat to future operations and cash flows.
2. Anant Raj Ltd
- Current price: ₹514
- Target price: ₹675
- Upside: 31%
- Time frame: 16-24 Months
Why it’s recommended
Founded in 1969, Anant Raj Ltd. is a diverse real estate developer engaged in the construction of IT parks, hospitality ventures, data centers, office buildings, shopping malls, and residential properties. The company also operates warehousing across Delhi, Haryana, Andhra Pradesh, Rajasthan, and various NCR regions. Anant Raj Ltd. has successfully completed 9.96 million square feet of residential and commercial projects, including 2,663 affordable housing units, and boasts 6 MW of operational data center capacity along with cloud services.
The company operationalized a 6 MW IT load data center at Manesar. An additional 15 MW at Manesar and 7 MW at Panchkula are in progress, bringing the total capacity to 28 MW IT load, which is ready to be operationalized in Q1 FY26. Anant Raj has a saleable area of 10.87 million sq. ft. in residential projects in Sector 63A, Gurugram, and aims to expand its saleable area through adjacent land acquisition. Additionally, it owns 83.43 acres of fully paid freehold land in prime areas of Delhi NCR, reserved for future development.
The company has reported strong financial performance over the past five years. Revenue grew by 39% year-on-year from Rs 1,483 crore in FY24 to Rs 2,060 crore in FY25, growing at a CAGR of 69% since FY21. EBITDA increased 43% to Rs 532 crore in FY25 from Rs 371 crore in FY24, with a 76% CAGR since FY21. PAT jumped 60% to Rs 426 crore from Rs 266 crore in FY24, with a 149% CAGR since FY21.
India’s data center market is growing exponentially, with domestic capacity anticipated to grow from over 1 GW in 2024 to 1.83 GW by 2027. Anant Raj’s cloud service solution, Ashok Cloud, provides cloud services focused on security, scalability, and performance. The company is aiming to expand its cloud offerings from colocation to include various cloud solutions in partnership with “Orange”. It is planning to provide a complete suite that includes Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS).
Risk Factor
Anant Raj is subject to the cyclical nature of the real estate industry and faces high competition, which could impact cash flows due to fluctuations in demand. Several projects are in early stages and dependent on regulatory approvals; delays in obtaining these may hinder project timelines and affect their growth plans.
Market Recap 19th June 2025
The Indian markets remained flat and followed a bearish trend throughout the market hours on Thursday, as the benchmark indices continued to remain flat amidst the ongoing geopolitical uncertainties that continued to unsettle investors, who remained alert. The Nifty 50 opened at 24,803.25 and touched the intraday low of 24,733.40. BSE Sensex also opened on a similar note at 81,403.94 and went to an intraday low of 81,191.04. The Nifty 50 closed at 24,793.25, down by -18.80 points, or -0.08%, with an RSI of 51.65, and went below the 20-day EMA but above the 50/100/200 in the daily time frame. Whereas, the BSE Sensex closed at 81,361.87, down by -82.79 points, or -0.10%, with an RSI of 50.50, closing below the 20-day EMA but above the 50/100/200 in the daily time frame.
On Thursday, most of the sectoral indices ended in the red. The Nifty PSU Bank index was among the major losers, closing at 6,734.30, down by -140.35 points, or -2.04%. It witnessed a decline in three consecutive trading sessions. Moreover, it was trading below the 20-day EMA and touched the 50-day EMA. All the companies fell in this index, with the top losers including Central Bank of India, Bank of India, Punjab & Sind Bank, UCO Bank, and Indian Overseas Bank falling below 3%, dragging the index down.
The Nifty Small Cap 250 index was also among the top losers, closing at 16,813.05, down by −330.55 points, or −1.93%. It has also witnessed a continuous decline for three consecutive trading sessions, falling below the 20-day EMA, but remains above the 50/100/200 EMA. Major laggards were Cyient Ltd., Reliance Power Ltd., and Amber Enterprises, falling more than 4% on Thursday, weighing down the index.
Asian markets also reflected the bearish sentiments on Thursday amid continued tensions between Iran and Israel. The US Federal Reserve kept the fed rate unchanged for the fourth consecutive time but warned that Donald Trump’s trade policies could pose a risk of inflation. The Hang Seng index in Hong Kong dropped -1.99%, or -472.95 points, closing at 23,237.74. Japan’s Nikkei 225 declined by -396.81 points, or -1.02%, to close at 38,488.34. China’s Shanghai index has also declined, down by -26.70 points, or -0.79%, to settle at 3,362.11. Meanwhile, South Korea’s Kospi index rose marginally, gaining 0.19%, or 5.55 points, to end at 2,977.74. In the US, Dow Jones Futures also declined 173.60 points, or 0.42%, to 41,996 on Thursday.
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