After six consecutive sessions of decline, Anant Raj Ltd. shares surged on Monday, September 29, as domestic markets opened in the green. The BSE Sensex rose over 300 points, while Nifty traded above 24,750. Amid the bullish market, PL Capital has issued a buy recommendation on Anant Raj, with the stock gaining over 5 per cent in early trades.
Why Investors Should Watch Anant Raj
Analysts at PL Capital point to strong technical signals on the chart, indicating renewed upside potential. The stock has maintained a solid trend with a flag pattern forming, which typically signals a breakout after consolidation. A decisive close above the Rs 690–695 range could trigger a new rally.
The Relative Strength Index (RSI) remains strong, highlighting continued buying momentum, and suggesting potential further gains in the coming sessions.
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Anant Raj Share Price Target
In its latest positional call, PL Capital set target prices of Rs 770 to Rs 820, offering a potential 21 per cent upside from the last close of Rs 678.95. Investors are advised to maintain a stop-loss at Rs 650. The stock’s 52-week high and low stand at Rs 947.25 and Rs 366.15, respectively.
Company Profile
Anant Raj Ltd is a prominent real estate developer focused on North India, with a strong portfolio spanning residential, commercial, and IT park projects. The company has seen increased investor interest following recent sectoral upswings in real estate.
Share Performance Overview
Anant Raj shares are trading at Rs 715.90, up 5.44 per cent, showing strong performance across multiple time frames:
1 week: Up 5.66 per cent
2 weeks: Up 21.53 per cent
1 month: Up 38.56 per cent
3 months: Up 29.24 per cent
6 months: Up 45.57 per cent
1 year: Up 16.40 per cent
Long-term performance has been stellar, delivering 226.49 per cent in 2 years, 766.83 per cent in 3 years, and a multi-bagger 4341.69 per cent in 5 years.
