Anant Raj shares gain 12% on signing MoU with Google for data center infrastructure

Shares of Anant Raj rallied 12% to a high of Rs 540 after Anant Raj Cloud, a wholly-owned subsidiary of the company entered into a Memorandum of Understanding (MoU) with Google for providing data center infrastructure among other services.

Anant Raj Cloud will be providing data center infrastructure, DC managed services and cloud platform to various public and private enterprises under this collaboration and develop innovative technological solutions for potential customers.

“We are pleased to announce that Anant Raj Cloud Pvt. Ltd ("ARC"), a wholly-owned subsidiary of the Company, has entered into a Memorandum of Understanding(s)/Agreement(s) with Google LLC, an American global technology company: a) To collaborate for providing Data Center Infrastructure, DC Managed Services and Cloud Platform to various Public & Private enterprises. b) To develop innovative technological solutions for potential customers,” the company informed via a filing to the stock exchanges.


The company also informed that it will collaborate closely with Google to assist customers in developing purpose-built Al-infused solutions for data infrastructure, productivity and security.

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Shares of Anant Raj have given multibagger returns of 164% to its investors in the last one year and witnessed gains of 600% in the last 2 years. In the last 6 months and 3 months too, the stock has increased by 62% and 46% respectively as per BSE analytics.

As for the technical placement of the stock on charts, it is well positioned above all its significant exponential short and long term moving averages and oscillating near the 56 level on RSI, as per the Trendlyne data.

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