{"id":129143,"date":"2024-07-22T13:42:40","date_gmt":"2024-07-22T08:12:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=129143"},"modified":"2024-07-22T13:46:29","modified_gmt":"2024-07-22T08:16:29","slug":"data-center-stock-jumps-12-after-it-signs-mou-with-google","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/data-center-stock-jumps-12-after-it-signs-mou-with-google\/","title":{"rendered":"Data center stock jumps 12% after it signs MoU with Google\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3573561066\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>In Monday\u2019s trading session, the shares of this mid-cap company surged by 12.2 percent on BSE to hit an intraday high at Rs. 540, after the company announced entering into a Memorandum of Understanding (MoU) with Google LLC.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-59284689\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:05 p.m., the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ANANTRAJ\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Anant Raj Limited<\/a><\/strong> were trading in the green at Rs. 518.35, up by 7.7 percent, as against its previous closing price of Rs. 481.2, with a market capitalisation of Rs. 17,739 crore.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What\u2019s the News:&nbsp;<\/strong><\/h2><p>According to the latest regulatory filings with the stock exchanges, Anant Raj Cloud, a wholly-owned subsidiary of Anant Raj Limited, entered into a Memorandum of Understanding (MoU) with Google LLC, an American global technology company.&nbsp;<\/p><p>Anant Raj Cloud will provide Data Center Infrastructure, DC Managed Services and a Cloud Platform to various Public &amp; Private enterprises.\u00a0The subsidiary will also develop innovative technological solutions for potential customers.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-895567728\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Further, the parties will collaborate closely to assist customers in developing purpose-built Al-infused solutions for Data infrastructure, Productivity, and Security.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p><\/blockquote><figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"WyyuuD4ngI\"><a href=\"https:\/\/tradebrains.in\/features\/textile-stock-hits-20-upper-circuit-declaring-results-dividend-and-110-stock-split\/\">Textile stock hits 20% upper circuit declaring results, dividend, and 1:10 stock split\u00a0<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Textile stock hits 20% upper circuit declaring results, dividend, and 1:10 stock split\u00a0&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/textile-stock-hits-20-upper-circuit-declaring-results-dividend-and-110-stock-split\/embed\/#?secret=wv7WFNvt5M#?secret=WyyuuD4ngI\" data-secret=\"WyyuuD4ngI\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Related News:&nbsp;<\/strong><\/h2><p>Earlier, Anant Raj Cloud Pvt. Ltd. entered into a strategic alliance partnership with TCIL (Telecommunications Consultants India Limited) for Data Centers (cloud and colocation services).&nbsp;<\/p><p>TCIL is a wholly owned Government of India undertaking and the largest telecom engineering public sector enterprise in India.\u00a0Additionally, the subsidiary is also a business partner of RailTel, for providing Data Center Services.\u00a0<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RAILTEL\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">RailTel<\/a><\/strong> is a Government of India undertaking and one of the largest neutral telecom infrastructure providers in the country.\u00a0<\/p><p><strong>Financials:&nbsp;<\/strong><\/p><p>The company experienced significant growth in its revenue from operations, showing a year-on-year rise of around 58 percent from Rs. 280.2 crore in Q4 FY22-23 to Rs. 442.6 crore in Q4 FY23-24.<\/p><div class=\"trade-content-10\" id=\"trade-2284766320\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Similarly, its net profit increased during the same period from Rs. 46.3 crore to Rs. 87.7 crore, indicating a growth of 89.4 percent YoY.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Stock Performance:&nbsp;<\/strong><\/h2><p>The stock has delivered multibagger returns of nearly 171.8 percent in one year, and around 65.2 percent of positive returns in the last six months. So far in 2024, the shares of Anant Raj have given about 72.8 percent of positive returns.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company:&nbsp;<\/strong><\/h2><p>Established in 1969, Anant Raj Limited is engaged in the real estate development, construction and infrastructure development sectors.&nbsp;<\/p><p>The company has a diverse portfolio of projects, including integrated residential townships, group housing, IT parks, hotels, commercial complexes, malls, service apartments, warehousing and data centres.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shivani Singh&nbsp;<\/strong><\/p><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Disclaimer<\/strong><\/h2><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-270117794\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>In Monday\u2019s trading session, the shares of this mid-cap company surged by 12.2 percent on BSE to hit an intraday high at Rs. 540, after the company announced entering into a Memorandum of Understanding (MoU) with Google LLC.&nbsp; At 12:05 p.m., the shares of Anant Raj Limited were trading in the green at Rs. 518.35, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[17524,20731,9621,948,936,17525],"class_list":["post-129143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-anant-raj-latest-news","tag-anant-raj-mou-with-google","tag-anant-raj-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-anant-raj-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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