Anant Raj shares can rally up to Rs 750 after 32% drop in 1 month, says Nomura while initiating coverage

Nomura has initiated coverage on Anant Raj with a “buy” rating, setting a target price of Rs 750, representing a 23% upside. Despite a 32.4% drop in share price recently, largely due to a global technology selloff, Nomura sees strong growth potential in Anant Raj’s real estate and data center segments. The company’s internal funding for data centers eases liquidity concerns.