Anant Raj Stock Soars Over 2000% in 6 Years; Is It Still a Good Buy? Multibagger Stocks Latest News

Investing in the stock market can be a great way to build wealth, especially if you hold onto promising stocks for a long time. Anant Raj, a top real estate developer in the NCR region, is an example of such a stock, delivering a massive 2340% return in six years. The stock jumped from ₹15 per share six years ago to ₹487 now.

Consistent Growth

Anant Raj has shown consistent growth, closing with gains in the last four years and rising 65% this year alone. In 2021 and 2023, the stock saw impressive gains of 186% and 164% respectively. Over the past two years, it has closed 21 out of 24 months in positive territory, growing from ₹51 to ₹487, an 855% increase.

The company owns a 312-acre land bank, with 167 acres in the prime location of Golf Course Extension Road, Sector 63A, Gurugram.

Future Potential

Despite its strong performance, brokerage firm DAM Capital believes the stock has more potential. They have set a target price of ₹620, suggesting a 27% increase from its current price. They note that the NCR region has seen high demand for properties, driven by better affordability and infrastructure projects. Gurugram, in particular, accounted for 51% of total units sold in 2022.

DAM Capital believes the housing market has more room to grow, with a shift towards home ownership, branded developers, and luxury properties, supported by favorable interest rates.

Upcoming Projects

Anant Raj has a strong pipeline of 9.1 million square feet in residential and commercial projects. The company’s pre-sales are expected to rise from ₹28 billion to ₹34 billion by FY26, with collections increasing from ₹9 billion to ₹26 billion. The total revenue potential from its residential portfolio is estimated at ₹150 billion by FY30.

Data Centers and Digital Growth

The company is adapting to growing digital demand by converting commercial buildings into data centers. This strategy aims to reach 307 MW of data center capacity by FY28, valued at ₹102 billion. Additionally, Anant Raj plans to develop 88 acres in Delhi, valued at ₹25 billion under the new Delhi Master Plan.

With expected revenue and EBITDA growth, Anant Raj offers strong growth opportunities in both residential development and data centers, according to DAM Capital.