ANANTRAJ.NS Stock Today: 21‑Year AI DC Tax Holiday Lifts Outlook — February 3

Anant Raj share price gained today after Union Budget 2026 proposed a 21-year AI data centre tax holiday and a 15% safe harbour for domestic operators. Investors expect stronger demand for data-centre real estate, a focus area for Anant Raj (ANANTRAJ.NS). The stock traded near ₹558.20, up 5% intraday, on heavy volumes. We explain the policy, today’s market move, and how the company’s balance sheet and margins position it for India’s cloud infrastructure India cycle.

Budget catalyst: policy and demand outlook

Union Budget 2026 offers a 21-year corporate tax holiday for foreign AI data centres in India and a 15% safe harbour for Indian operators with investments from ₹2,000 crore. This aims to attract hyperscaler capex through 2047 and deepen local capacity. Details were outlined by the government and media reports source, source.

Long-duration tax clarity can lift tenant pre-commitments, accelerate build-to-suit deals, and support pricing for powered shell space. With projects across NCR and North India, Anant Raj can benefit as hyperscalers localise capacity. The supportive policy tone helps sentiment, which is visible in the Anant Raj share price today, as investors price in stronger utilisation and annuity-like cash flows over time.

Price action and technical setup

Anant Raj share price was around ₹558.20, up 5.11% versus the prior close of ₹531.05. The stock hit ₹570.55 intraday, with a low of ₹537.30. Volumes were 2.78 crore shares, over 10x the average 0.26 crore. Performance is +13.06% in 5 days, -4.43% in 1 month, -13.38% in 3 months, and +1.03% YTD. 52-week range is ₹376.15 to ₹743.65.

RSI at 57.69 is neutral, while CCI at 141.68 and Stochastic at 88.25 flag near-term overbought. Price sits above the 50-DMA ₹545.97 and just below the 200-DMA ₹566.10. Bollinger upper band is near ₹594.79 and ATR is ₹20.32. For traders, a close above ₹571-₹566 could target ₹595, while weakness below ₹546 risks range retests. Anant Raj share price remains momentum-driven.

Fundamentals and valuation check

TTM EPS is ₹15.18, implying a P/E of 33.33x and P/B of 3.99x. ROE stands at 12.7%. Liquidity looks comfortable with a current ratio of 4.95 and interest coverage of 53.4x. Debt-to-equity is 0.13. Market cap is about ₹20,088 crore. The small dividend of ₹0.73 implies a 0.15% yield. For context, Anant Raj share price embeds growth expectations.

Operating cash flow per share is ₹3.18, while free cash flow per share is slightly negative. Margins are healthy, with EBIT at 25.6% and net at 21.9%. Our quant model rates the stock C (Sell) as of 2 Feb 2026. Key risks include execution, tenant timing, and capex intensity. Watch pre-leasing, power tie-ups, and land approvals, as these can steer the Anant Raj share price despite the AI data centre tax holiday.

Final Thoughts

The 21-year AI data centre tax holiday and a 15% safe harbour under Union Budget 2026 strengthen the multi-year case for Indian data-centre developers. For Anant Raj, the near-term focus is execution, pre-leasing progress, power availability, and capital discipline. Technically, the 200-DMA near ₹566 and the band toward ₹595 are key markers, while ₹546 is an immediate support. Fundamentally, low leverage and strong coverage are positives, but cash conversion remains a watch item. The next catalyst is the 20 April 2026 earnings update. Short-term traders can track closes above the 200-DMA. Long-term investors should monitor tenant wins and utilization. This is not investment advice.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.