Nomura has initiated coverage on Anant Raj with a buy rating and a target price of ₹750 per share, implying an upside potential of approximately 21% from its current market price (CMP) of ₹617.80.
The brokerage expects robust cash flow generation from the company’s residential segment, driven by a solid launch pipeline. Additionally, Anant Raj’s medium-term execution in the data center (DC) and cloud space is seen as a key growth driver.
Nomura believes that concerns over pricing risks in the DC/cloud business are overstated, as India remains largely under-penetrated in the segment. Regulatory policies are also expected to boost demand for India-based data center and cloud solutions, positioning the company well for long-term growth.
The firm further noted that nearly half of Anant Raj’s planned capital expenditure can be funded through internal accruals, reducing dependence on external financing. Meanwhile, strong demand in the Gurugram Cybertech Economic Region (GCER) is likely to support the company’s residential segment and drive steady cash flows.
With Nomura’s target of ₹750, Anant Raj presents an attractive opportunity for growth in both real estate and data center expansion.
(Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Investors are advised to do their own due diligence before making any investment decisions.)
