Shares of Anant Raj dipped about 1% to Rs 517 on the BSE on Wednesday after foreign brokerage Nomura lowered its target price to Rs 650 from Rs 700, while maintaining its Buy rating. The revised target implies an upside potential of 22.2%.
The brokerage has cut its FY27 and FY28 earnings estimates by 8% and 10%, respectively, citing a slower-than-expected ramp-up in cloud capacity and delays in the launch of residential projects that were earlier expected in FY26.
