Axis Mutual Fund purchased 26 lakh shares in this multibagger small-cap company; FIIs & DIIs increased their stakes in Q4 FY24!

The company’s shares have delivered an impressive return of over 2500 per cent to their shareholders.

According to the NSE bulk deal, Axis Mutual Fund A/C (Axis Small Cap Fund) purchased 26 lakh equity shares, equivalent to 0.76 per cent of the paid-up equity of Anant Raj Limited, at an average price of Rs 368 per share through open market transactions, totaling Rs 95.68 crores.

Anant Raj Ltd, originally incorporated in 1985 as Anant Raj Clay Products by Ashok Sarin, focuses on the development and construction of various projects including IT parks, hospitality ventures, SEZs, office complexes, shopping malls, and residential properties. Its operational areas span across Delhi, Haryana, Andhra Pradesh, Rajasthan, and the NCR region. The company has successfully developed over 20 million square feet (MSF) of real estate projects encompassing various segments including housing, commercial, IT parks, shopping malls, hospitality, residential, and affordable housing.

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Shareholding Pattern of Anant Raj

According to the latest shareholding pattern, Promoters hold 60.01 per cent, while FIIs and DIIs hold 11.52 per cent and 3.63 per cent, respectively. Both FIIs and DIIs have increased their stakes compared to their earlier holdings of 8.96 per cent and 3.63 per cent, respectively, as per the recent update.

Share Performance of Anant Raj

On Tuesday, the company's stock closed almost flat at Rs 373.55 per share, with a market capitalisation of Rs 12,771 crore. Additionally, the stock has delivered a return of around 167 per cent in the past year and multibagger return of 2,541 per cent in the past five years.

According to the Quarterly Results, the company's revenue surged by 58 per cent to Rs 443 crore, while PAT experienced a growth of 75 per cent year-on-year in Q4 FY24. In FY24, the company reduced its debt from Rs 1,104 crore to Rs 624 crore, representing a year-on-year decline of 43 per cent.

Investors must keep this Small-Cap stock on their radar.

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