April, 20 2026 Monday 13:53 Hrs
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Sensex 78642.09 148.55  (0.19) 20-Apr-2026
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Company News Details

Anant Raj Ltd
Industry :  Construction
BSE Code
ISIN Demat
Book Value()
515055
INE242C01024
136.7370815
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
ANANTRAJ
64.47
18468.88
EPS(TTM)
Face Value()
Div & Yield %
7.96
2
0.14
 

Anant Raj Ltd
Data centre, AI stocks rally after Budget offers tax sops for cloud services
Feb 01,2026
E2E Networks jumped 8.56%, while Anant Raj rose 6.57%. Netweb Technologies India gained 5.27%, reflecting strong investor optimism around India's data centre and AI infrastructure theme.

The rally followed Finance Minister Nirmala Sitharaman's announcement of a major tax initiative to position India as a global hub for cloud services. Under the proposal, any foreign company providing cloud services to customers worldwide using data centre infrastructure located in India will be eligible for a tax holiday extending up to 2047.

In addition, the government announced a safe harbour margin of 15% on cost for data centre services provided from India by related entities, offering greater tax certainty for multinational groups.

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