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The renewable piece has had strong performance on top-line growth through limited contribution to the bottom-line, it said adding that a more permanent fix for the disputed compensation for Mundra could be a key catalyst for the stock in the near-term — though Street has been disappointed on the same in the past.

The stock quoted a 52-week high price of Rs 1356.9 and a 52-week low of Rs 923.5.

A total of 8,604 shares changed hands on the counter till 12:43PM (IST)

India’s growth story is here to stay and in the current macro environment we are the strongest force to reckon with. Stay invested as this ride to glory will not be smooth due to issues beyond India’s control.

On Wednesday also, shares of NDTV Ltd had touched the upper circuit limits, the highest permissible trading limit for the day. In a stunning move on Tuesday, the Adani group announced launching an open offer to acquire an additional 26 per cent stake in NDTV Ltd after an indirect acquisition of 29.18 per cent shareholding in the company.

“There will be corrections down the line but in my opinion, the fear factor is much less unless there is some other catastrophe around the corner. We should be able to gradually build on these gains and the market can start trading at around its previous high, over the next few months or so.”

The Nifty IT index was trading 0.1 per cent down at 28830.85.

Incorporated in 1985, Anant Raj is among major real estate developers in India, with a variety of residential colonies, IT parks, housing societies, shopping malls, warehouses, office complexes and more, majorly in Delhi.

As of 30-Jun-2022, promoters held 39.99 per cent stake in the company, while FIIs held 35.64 per cent and domestic institutional investors had 6.73 per cent.

Strong execution capability is reflected in its quarterly results, the brokerage said, adding that the recent fundraising from GIC was followed by improved profitability. A balance sheet, healthy cash flows, and a strong overall performance remains key, MOSL said.