Anant Raj shares hit 10% upper circuit after issuing clarification amid AI industry concerns
Anant Raj surged 10% during the intraday session, hitting their upper circuit at Rs 587.85 on the BSE, following the company’s clarification regarding its business model in light of developments in artificial intelligence (AI) technology, specifically the announcement of a low-cost AI model by Chinese company DeepSeek.
The clarification, issued on January 28 after market hours, aimed to reassure investors about the company’s operations and its outlook for the data center industry amid the growing influence of AI.
Anant Raj reiterated that it remains a “Real Estate and Data Centre Infrastructure company,” with primary revenue derived from real estate development and its data center business, which includes colocation services and Infrastructure as a Service (IaaS) for cloud solutions.
The company acknowledged the rapid expansion of India’s data center capacity, spurred by digitization and data localization trends. Despite India generating a significant share of global data, the company highlighted the current under-penetration of data centers in the country.
Also read: Nasdaq crashes 600 points, S&P over 2% as China's AI push rattles Big Tech
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