600 per cent returns in 3 years: This multibagger stock makes a new 52-week high!

The net profit of the company zoomed by 173 per cent from the corresponding quarter last year to Rs 32.11 crore

On Monday, shares of Anant Raj surged more than 2 per cent to trade at a new 52-week high of Rs 138.45. The scrip witnessed some profit booking and closed 0.15 per cent down at Rs 135.35 apiece. 

In Q3FY23, the net sales of the company zoomed 101.78 per cent from last year’s same quarter to Rs 191.71 crore. The EBITDA level stood at Rs 51.93 crore, witnessing a surge of 84.41 per cent from the December 2021 quarter to Rs 51.93 crore. The net profit of the company zoomed by 173 per cent from the corresponding quarter last year to Rs 32.11 crore.  

Anant Raj Ltd was incorporated in 1985 as Anant Raj Clay Products 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 state of Delhi, Haryana, Andhra Pradesh, Rajasthan and NCR. 

The company has successfully developed more than 20 marginal standing facilities of real estate projects in the housing, commercial, IT parks, shopping malls, hospitality, residential and affordable housing sub-segments. 

The stock has witnessed heavy buying as it has given multibagger returns of more than 615 per cent in 3 years and 100 per cent in just 1 year. Keep a close eye on this trending multibagger stock.