Latest news with #AnantRaj
Mint
3 days ago
- Business
- Mint
Anant Raj, DLF, Sobha fall up to 3% as realty stocks resume losing streak
Real Estate stocks in focus today: Domestic real estate stocks witnessed another round of selling pressure in Thursday's trading session, as the Nifty Realty index tumbled 2% to end the day at 1,006, extending its decline for the fourth straight session amid weak global cues and profit booking. All 10 constituents of the index ended the session in the red, with Anant Raj emerging as the top laggard, falling 3% to ₹ 556 apiece. It was followed by Phoenix Mills, Godrej Properties, DLF, Brigade Enterprises, Macrotech Developers, and Sobha, all of which declined over 2%. Real estate stocks had seen a stellar rally last week following the RBI's deeper-than-expected repo rate cut of 50 basis points and an unexpected CRR cut of 100 basis points. The move boosted investor sentiment, as lower interest rates potentially spur residential demand across major cities and ease borrowing costs for developers, aiding project financing and expansion. Following the RBI's double bonanza on Friday, the Nifty Realty index jumped 5%, emerging as the top-performing sector. In fact, the stocks had already been on a strong upward trajectory ahead of the RBI MPC meeting, driven by expectations of a continued rate-easing cycle, a trend that only accelerated after the policy announcement. From its April lows, the index has rallied 31%, making the real estate sector one of the biggest turnaround stories of 2025. However, the sharp gains may prompt investors to book profits, contributing to the ongoing decline in stock prices. Indian stock markets came under significant selling pressure in today's session, with broad-based declines triggered by weak global cues that weighed on investor sentiment, sending the Nifty 50 and Sensex down over 1%. Tensions between the US and Iran flared up after recent media reports suggested that the US is preparing a partial evacuation of personnel in the Middle East, following Iran's threat to strike US bases if nuclear negotiations fail. Further pressure came as US President Donald Trump announced plans to send formal letters to key trading partners within the next one to two weeks, outlining unilateral tariffs aimed at pressuring countries into trade agreements. Despite the tough rhetoric, US Treasury Secretary Scott Bessent signaled a potential extension of the current 90-day pause on reciprocal tariffs for countries showing 'good faith' in ongoing trade talks. While Trump said a framework on tariff rates had been reached to revive the fragile trade truce with China, the lack of specifics kept markets on edge, and China has yet to officially confirm any details about the trade deal. Even as the framework is being finalized, Commerce Secretary Howard Lutnick said on Wednesday that U.S. tariffs on Chinese imports would remain at current levels. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Standard
4 days ago
- Business
- Business Standard
Anant Raj board approves Aman Sarin's reappointment as MD
Anant Raj said that its board has approved the re-appointment of Aman Sarin as managing director (MD) for the five years with effect from 1st January 2026. Meanwhile, the company's board has also reappointed Aman Sarin as whole-time tirector & chief executive officer (CEO) for 5 years, effective 1 January 2026. Further, the board also reappointed Ashim Sarin as whole-time director & chief operating officer (COO) for 5-year term starting 1 January 2026. Anant Raj is a diversified real estate company focused on developing IT parks, hospitality projects, data centers, office complexes, shopping malls, and residential projects in India. The company has a strong presence in Delhi, Haryana, Andhra Pradesh, Rajasthan, and other parts of the NCR region. The company reported 51.5% increase in consolidated net profit to Rs 118.64 crore on a 22.2% rise in net sales to Rs 540.65 crore in Q4 FY25 as compared with Q4 FY24. Shares of Anant Raj rose 0.23% to Rs 578.45 on the BSE.
Business Standard
4 days ago
- Business
- Business Standard
Anant Raj board approves Aman Sarin's reappointment as MD, CEO & COO
Anant Raj said that its board has approved the re-appointment of Aman Sarin as managing director, chief executive officer (CEO) and chief operating officer (COO) for the five years with effect from 1st January 2026. Anant Raj is a diversified real estate company focused on developing IT parks, hospitality projects, data centers, office complexes, shopping malls, and residential projects in India. The company has a strong presence in Delhi, Haryana, Andhra Pradesh, Rajasthan, and other parts of the NCR region. The company reported 51.5% increase in consolidated net profit to Rs 118.64 crore on a 22.2% rise in net sales to Rs 540.65 crore in Q4 FY25 as compared with Q4 FY24. Shares of Anant Raj rose 0.23% to Rs 578.45 on the BSE.
Business Standard
16-05-2025
- Business
- Business Standard
Market trade lower; realty shares jump for 3rd day
The key equity indices traded with moderate losses in early afternoon trade amid limited profit booking, following a sharp rally in the previous session. Investors are awaiting Q4 earnings reports from various companies. The Nifty hovered below the 25,000 level. Realty shares jumped for the third consecutive trading session. At 12:25 IST, the barometer index, the S&P BSE Sensex, declined 331.24 points or 0.39% to 82,208.70. The Nifty 50 index fell 83.35 points or 0.33% to 24,978.75. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.67% and the S&P BSE Small-Cap index added 0.92%. The market breadth was strong. On the BSE, 2,422 shares rose and 1,368 shares fell. A total of 172 shares were unchanged. Buzzing Index: The Nifty Realty index advanced 1.27% to 909.35. The index rallied 4.97% in the three consecutive trading sessions. Anant Raj (up 7.69%), Raymond (up 4.99%), Brigade Enterprises (up 4.32%), Sobha (up 3.27%), Macrotech Developers (up 1.6%), Godrej Properties (up 1.54%), Oberoi Realty (up 1.18%), Prestige Estates Projects (up 0.87%) and DLF (up 0.63%) surged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, down 1.92% to 16.57. The Nifty 29 May 2025 futures were trading at 25,037.60, at a premium of 58.85 points as compared with the spot at 24,978.75. The Nifty option chain for the 29 May 2025 expiry showed a maximum call OI of 55.8 lakh contracts at the 25,000 strike price. A maximum put OI of 65.5 lakh contracts was seen at a 24,000 strike price. Stocks in Spotlight: Pricol tumbled 5.66% after the companys consolidated net profit fell 15.80% to Rs 34.94 crore in Q4 FY25 as against Rs 41.50 crore posted in Q4 FY24. However, revenue from operations increased 32.81% YoY to Rs 725.01 crore in Q4 FY25. IndusInd Bank fell 2.36% after the bank disclosed an accounting discrepancy worth Rs 674 crore in its microfinance (MFI) business. In a statement issued following a media report, the bank clarified that its Internal Audit Department (IAD) had reviewed the MFI operations and discovered that Rs 674 crore had been erroneously booked as interest income across three quarters in FY2425. Crucially, the bank noted that the full amount was reversed by 10 January 2025. NCC declined 3.31%. The company reported consolidated net profit of Rs 253.82 crore in Q4 FY25, up 6.12% as against Rs 239.16 crore posted in Q4 FY24. Revenue from operations tumbled 5.45% to Rs 6,130.88 crore in Q4 FY25 as against Rs 6,484.88 crore posted in Q4 FY24.
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Business Standard
16-05-2025
- Business
- Business Standard
D-St takes breather amid profit booking; Sensex dips 200 pts, Nifty at 25K
Stock Market Closing Bell, Friday, May 16, 2025: Following a range-bound session, Indian equity benchmarks settled in red on Friday amid lack of fresh triggers and selective profit booking in key sectors such as IT, Metal and Banks. After hitting day's low of 82,146.95, the Sensex closed at 82,330.59, down by 200.15 points or 0.24 per cent. The Nifty50 closed at 25,019.80 levels, down by 42.30 points or 0.17 per cent. Vinod Nair, head of research at Geojit Investments said that the market witnessed mild profit booking following a sharp rally in the previous session. Despite this, investor sentiment remained upbeat, with sustained momentum in mid- and small-cap stocks, as well as rate-sensitive sectors such as real estate, NBFCs, automobiles, and consumer durables. However, the broader markets outperformed the benchmarks with sectors like railways and defence witnessing continous buying. The Nifty Midcap 100 index settled 0.94 per cent higher, led by gains in Cochin Shipyard (13 per cent), Mazagon Dock Shipbuilders (10.7 per cent), RVNL (9.18 per cent), Premier Energies (9.6 per cent) and SJVN (6.1 per cent). Among others, Container Corporation of India, HUDCO, Tube Investments, Tata Technologies, Motilal Oswal Financial Services, IREDA, IRCTC and NHPC were up in the range of 3 per cent to 6 per cent. Nifty Smallcap 100 rose 1.86 per cent, led by gains in IFCI (14.8 per cent), Rites (14.8 per cent), Titagarh Rail Systems (12.7 per cent), Garden Reach Shipbuilders (10 per cent), Data Patterns (9.75 per cent) and Anant Raj up 8.8 per cent. On the Sectoral front, Nifty IT was the top laggard, followed by Healthcare, Metal, Pharma and Financial Services. Nifty IT fell 0.84 per cent, pulled by selling index heavyweights HCL Tech, Infosys and Wipro. Nifty Realty and Media rose 1.64 per cent and 1.11 per cent, each. Nifty Auto, Energy, FMCG, Consumer Durables and Oil & Gas also rose up to 1 per cent. Nifty Realty emerged as the top sectoral gainer, led by gains in Anant Raj, Raymond, Brigade Enterprises, Sobha, and Oberoi Realty. "Defence stocks also continued their upward trajectory, supported by a strong sectoral outlook. Optimism is being fuelled by expectations of imminent resolutions in US-China and India-US trade relations, which are easing concerns over potential economic fallout," Nair added. Among Sensex constituents, 16 out of 30 stocks closed with gains. The top gainers included Eternal (formerly Zomato) up by 1.38 per cent, Hindustan Unilever (1.10 per cent), Asian Paints (0.98 per cent), ITC (0.80 per cent) and Tata Motors and 0.36 per cent. According to Ajit Mishra, senior vice president for research at Religare Broking, more than the recovery in the benchmark index, the broad-based rebound has offered greater relief to market participants. Sustained FII inflows and stable global markets are further contributing to the positive sentiment. "We continue to maintain our bullish outlook and recommend focusing on selective stock-picking. Going forward, corporate earnings and global market trends will remain key factors to watch in the absence of any major events," Mishra said. Market Technical View According to analysts at Bajaj Broking, index on weekly chart has formed a sizable bull candle with a higher high and higher low signaling continuation of the up move. The index in the process closed firmly above the December 2024 high (24,857). Going ahead, we expect Nifty to maintain positive bias and head towards 25,200-25,300 levels being the measuring implication of the recent range breakout. Some consolidation is likely around the 25,200-25,300 levels. While a breakout above 25,300 will open further upside towards 25,750 in the coming weeks. The recent breakout zone, along with last week low placed near 24,400–24,500 levels is expected to serve as a crucial support for the Nifty. Stock specific action will continue to remain in focus as we progress through the Q4 FY25 earning session.
