Multibagger Realty stock engaged in the business of construction and development of IT Parks, Hospitality Projects and many more jumped 3 percent in the day’s trade upon achieving a pre-sales of Rs. 4,150 crores for its new ongoing projects.
With a market capitalization of Rs. 11,284 Crores, the shares of Anant Raj Limited were trading at Rs. 330.90, up 2 percent from its previous day’s close price of Rs. 324.60. It has delivered multibagger returns of 166 percent in a year.
Anant Raj Limited has announced that it has achieved pre-sales of Rs. 4,150 crores for its projects located at Sector 63A Gurugram, Haryana. The handing over of the projects will start from the current financial year and will be delivered in the next four years
Anant Raj Limited is a realty company, engaged in the business of construction and development of Information and Technology parks, hospitality projects, special economic zones, office complexes, shopping malls, residential projects, and many more.
Some of the business segments it operates under are Residential, Commercial, Warehousing Projects, Hospitality, Data Centres, and others. It operates and currently has ongoing projects in Delhi, Rajasthan, Haryana, Tirupati and others.
Its revenue from operations grew by 47.36 percent from Rs. 266 Crores in Q3FY23 to Rs. 392 Crores in Q3FY24, accompanied by profits of Rs. 45 Crores to Rs. 71 Crores.
It has reported a return on equity(ROE) of 5.45 percent and a return on capital employed (ROCE) of 5.77 percent, it is making decent returns on its equity and capital employed considering it is operating in a capital-intensive business.
Written by: Bharath K.S
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