HomeNewsBusinessStocksBuy Anant Raj; target of Rs 1100: Motilal Oswal

Buy Anant Raj; target of Rs 1100: Motilal Oswal

Motilal Oswal is bullish on Anant Raj recommended buy rating on the stock with a target price of Rs 1100 in its research report dated December 20, 2024.

December 20, 2024 / 10:40 IST
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Buy
Buy

Motilal Oswal's research report on Anant Raj

Diversification in progress…: Anant Raj (ARCP) is transitioning from its stronghold in real estate to a diversified business model with strategic investments in data centers (DCs) and cloud services. This shift capitalizes on India's burgeoning data localization and digital transformation trends. With a planned capacity of 300MW for DC over the next 4-5 years, the company is leveraging its existing technology parks to enhance execution speed and cost efficiency.

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Outlook

We set a TP of INR 1,100 based on our SOTP-based valuation and initiate coverage on the stock with a BUY rating.

For all recommendations report, click here