Investing in the stock market has long been recognised as a pathway to potential wealth creation. One of the fundamental principles of investing in the stock market is the importance of time. The ability to identify and hold onto promising stocks over an extended period of time can yield significant returns.
Anant Raj , a leading real estate developer in the NCR region, was one such stock in this regard that produced a whopping return over six years. From a trading price of just ₹ 15 apiece six years ago, the stock has seen a remarkable rise of 2340% to trade at the current level of ₹ 487. Also Read : Budget 2024: India's real estate sector anticipates major reforms – a wishlist Notably, Anant Raj has consistently closed the last four calendar years with gains and has continued its bullish trend in the current year, recording a 65% increase so far.
It achieved remarkable returns in CY21 and CY23, with gains of 186% and 164%, respectively. Over the past 24 months, the stock has closed 21 months in positive territory, demonstrating consistent growth. During this period, it has surged from ₹ 51 apiece to its current value, marking an impressive gain of 855%.
Anant Raj has a fully paid land bank of 312 acres, of which, it holds 167 acres in the premium location of Golf Course Extension Road, Sector 63A, Gurugram. Also Read : FY23 household savings slump: Where did young India's savings go? More rally ahead? Despite such a strong rally in shares, domestic brokerage firm DA.
