1,140 per cent returns & 52-week high alert: This multibagger realty company commences projects in South Delhi and Tirupati, Andhra Pradesh!

The stock gave multibagger returns of 137 per cent in just 1 year and a whopping 1,140 per cent returns in 3 years.

Anant Raj Ltd announced the commencement of 2 projects in South Delhi and Tirupati, Andhra Pradesh. Here are the details:

Delhi - The Company is commencing a new project namely "Anant Raj Centre" located in Mehrauli (South Delhi), New Delhi, having a developable area of approx. 700,000 square feet, a mix of office space, hospitality, and serviced apartments.

Andhra Pradesh - The Company through its wholly-owned step-down subsidiary, Jai Govinda Ghar Nirman Limited, is commencing an affordable housing project namely "Anant Raj Aashray-11" located in Electronic Manufacturing Cluster 2 (EMC 2), Tirupati, Andhra Pradesh, developed by The Andhra Pradesh Industrial Infrastructure Corporation (APIIC). The project has a saleable area of approx. 10,00,000 square feet for development of the affordable housing.

Anant Raj Ltd is a real estate company founded in 1985 by Ashok Sarin. It is primarily engaged in the development and construction of IT parks, hospitality projects, SEZs, office complexes, shopping malls, and residential projects in the Indian states of Delhi, Haryana, Andhra Pradesh, Rajasthan, and NCR. The company has a market cap of Rs 7,750 crore and reported amazing numbers in its Quarterly Results and annual results.

On Monday, shares of Anant Raj Ltd gained 2 per cent to Rs 239.20 per share with an intraday high of Rs 244 and an intraday low of Rs 233.40. The stock also made a new 52-week high of Rs 244 per share.

The stock gave multibagger returns of 137 per cent in just 1 year and a whopping 1,140 per cent returns in 3 years. Investors should keep an eye on this Small-Cap realty stock.

Disclaimer: The article is for informational purposes only and not investment advice.