The rally comes against the backdrop of a series of significant corporate developments over the past several months.
Shares of Anant Raj Ltd and Brigade Enterprises Ltd closed sharply higher on Thursday, September 3, as the Nifty Realty index ended the session up 2.58 per cent at 916.15. Brigade was the top gainer on the index, while Anant Raj was the second-biggest, outperforming most other realty counters.
Anant Raj closed at ₹628.30, up 6.70 per cent from its previous close of ₹588.85, having touched an intraday high of ₹640.25. The stock was, however, off its early-session highs by close. Total traded volume for the day stood at 221.87 lakh shares, with a traded value of ₹1,397 crore, significantly above average. The stock’s total market capitalisation at close stood at ₹22,564 crore. Despite the day’s gains, the stock remains about 15.6 per cent below its 52-week high of ₹743.65.
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The stock has been building on a series of corporate developments over recent months. In July, its board approved a Composite Scheme of Arrangement to demerge its data centre and cloud services business into a separately listed entity, Ashok Cloud Private Limited. Under the scheme, shareholders of Anant Raj will receive one equity share of Ashok Cloud for every share held, with the demerger aimed at creating two independently focused listed companies. The scheme requires NCLT, SEBI, and stock exchange approvals. The company had also reported a 19 per cent rise in net profit to ₹150 crore for the June 2026 quarter, with EBITDA margins improving to 29.1 per cent.
Brigade Enterprises closed at ₹712.30, up 11.30 per cent from its previous close of ₹640.00, touching an intraday high of ₹733.00. Traded volume stood at 53.91 lakh shares, with a traded value of ₹373 crore. Market capitalisation at close was ₹23,653 crore. No specific company announcement that directly explains Thursday’s sharp move was publicly filed as of close.
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