Synopsis: The shares of this company fell around 12 percent after ED raids linked to a money laundering probe, triggering weak investor sentiment.
The shares of this company, which is a real estate developer with a significant portfolio in Delhi NCR, focusing on residential projects, IT parks, and hospitality, while it is heavily diversifying into data centres and cloud services, came into focus after the ED raid
With a market capitalization of Rs 16,554 crore, Anant Raj Ltd’s share on Friday made a low of Rs 449.85 per share, down 11.8 percent from its previous day’s close price of Rs 449.85 per share. The company’s share gave a return of 835 percent over the last five years
What Happened
The Enforcement Directorate (ED) conducted raids at the Anant Raj Limited office in Delhi as part of a money laundering investigation. Searches began early in the morning and continued through the day at the company’s premises in the national capital.
According to sources, the case involves suspected financial irregularities under the Prevention of Money Laundering Act. However, no official details or findings have been disclosed so far by authorities regarding the ongoing probe.
Officials have not issued an official statement, and the investigation remains in its early stages. Further clarity is expected as the ED continues its search and examines related documents and transactions.
About the Company
Anant Raj Ltd was incorporated in 1985 as Anant Raj Clay Products by Ashok Sarin. It is primarily engaged in the development and construction of IT parks, hospitality projects, SEZs, office complexes, shopping malls, and residential projects in the State of Delhi, Haryana, Andhra Pradesh, Rajasthan, and NCR.
The company operates in real estate development across residential, commercial, IT parks, and hospitality segments, while also expanding into data centres. The company currently has 6 MW of operational data centre capacity and is planning significant expansion in this high-growth digital infrastructure space.
Financial Highlight: The revenue from operations grew by 20 percent to Rs 642 crore in Q3 FY26, corresponding to the same quarter in the last financial year, and the operating margin improved YoY to 26 percent in Q3 FY26. Accompanied by a net profit growth of 30.9 pecent to Rs 144 crore in Q3 FY26 from Rs 110 crore in Q3 FY25, resulting in an EPS of Rs 4.01 per share in Q3 FY26.
Disclaimer: 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. Trade Brains Technologies Private Limited 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.
The post Data Centre Stock Crashes 12% After ED Raids Over Money Laundering Probe appeared first on Trade Brains.