Anant Raj jumped at 3.58% to Rs 104.25, extending gains for the fourth trading session. Anant Raj’s shares soared at 16.03% in four consecutive sessions.

On the BSE, 1.96 crore shares were traded compared to daily average volumes of 2.56 crore in the previous week. The stock hit a high of Rs 104.90 and a low of Rs 99.25.

On November 15, 2022, the stock hit a 52-week high of Rs 120.10. On June 20, 2022, the stock hit a 52-week low of Rs 42.65.

• PM Modi to Seek Ideas for Sustaining Growth Amid Global Uncertainties
• Meta’s Ray-Ban Smart Glasses May Soon Display Notifications on Built-in Screens
• President to Award Pradhan Mantri Rashtriya Bal Puraskar to 17 Children on 26th December
• Akums Drugs Inks a Rs 1,760 Crore CDMO Agreement
• China to Raise Deficit and Increase Spending in 2025

In November, the stock had outperformed the market and was rising 4.83% compared with a 3.25% fall in the Sensex. In the first quarter, the counter outperformed the market and advanced 26.21% against Sensex’s 7.5% rise.

In 2021, the scrip outperformed the market, surging 38.91% against Sensex’s 4.91% rise.

As per the charts, the stock was trading above its 100-day simple moving average (SMA) at 96.28 and its 200-day simple moving average (SMA) at  78.03.

Anant Raj is primarily engaged in developing and constructing information and technology parks, data centres, hospitality projects, special economic zones, office complexes, shopping malls and residential projects in the States of Delhi, Haryana, Rajasthan and the National Capital Region.

On a consolidated basis, the company’s net profit soared 128.3% to Rs 33.54 crore on a 191.3% jump in net sales to Rs 251.62 crore in July-September of FY23 over July-September of FY22.