Anant Raj is currently trading at Rs. 56.70, up by 1.05 points or 1.89 % from its previous closing of Rs. 55.65 on the BSE.
The scrip opened at Rs. 56.30 and has touched a high and low of Rs. 58.20 and Rs. 56.30 respectively. So far 204836 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 96.80 on 15-Jan-2013 and a 52 week low of Rs. 40.45 on 01-Oct-2013.
Last one week high and low of the scrip stood at Rs. 61.65 and Rs. 52.00 respectively. The current market cap of the company is Rs. 1689.43 crore.
The promoters holding in the company stood at 63.21 % while Institutions and Non-Institutions held 16.61 % and 20.00 % respectively.
As part of the company’s strategy to monetise non-core assets, Anant Raj is reportedly planning to divest two hotel properties in Delhi-NCR region. By selling two hotel properties, the company could fetch around Rs 900 crore.
The company has 11 hotels, out of which, 6 hotels are completed, while 5 other hospitality projects are under construction. Further, the company leases its commercial properties -- office, shopping malls and hospitality projects -- to obtain steady cash flows.
Anant Raj is armed with one of the largest land banks in the region and is in the process of building an array of Special Economic Zones (SEZs), IT Parks, Hotels, Commercial Complexes, Malls, Residential / Service Apartment and other infrastructure projects.
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