18 Feb , 2025 By : Debdeep Gupta
Anant Raj's share price rose 3 percent in the opening trade on February 18 following signing an agreement with CSC Data Services India (CDSIL) for promoting different products.
At 09:19 am, Anant Raj was quoting at Rs 534.35, up Rs 15.35, or 2.96 percent, on the BSE.
Anant Raj Cloud (ARC), a 100 percent subsidiary of Anant Raj and CSC Data Services India (CDSIL) has executed an agreement to jointly offer and promote the Rack Rental Business (Co-location data Center) and Cloud Services, to the different Government departments and Private organizations.
The scope of this strategic agreement is to establish the general technical and business relationship between the parties for sovereign Data Centre & Cloud Services.
ARC shall help and support CDSIL on technical, technology, and marketing matters and also help in implementing Data Centre Services or Disaster Recovery Services.
The company had posted a 53.58 percent jump in its December quarter net profit at Rs 110.32 crore, while revenue increased by 36.29 percent at Rs 534.64 crore, YoY.
The share touched a 52-week high of Rs 947.25 and a 52-week low of Rs 281.15 on 08 January 2025 and 14 March 2024, respectively.
Currently, the stock is trading 44.15 percent below its 52-week high and 88.16 percent above its 52-week low.
The stock price rose more than 50 percent in the last one year.
0 Comment