📉Anant Raj Shares Crash 40%‼️ Should You Buy⁉️🤔 #midcap #stockmarket

📉Anant Raj A Critical Point About Valuation: On December 16th, 2024, Anant Raj announced its promoters would buy shares through convertible warrants at 2730 per share, as part of their plan to raise $2,100 crores for data center expansion Interestingly, the stock continued to rally after this announcement, hitting a lifetime high of $936 on January 8th, 2025 This raises an important question: If the promoters themselves valued the company at 2730, was the market valuation of 7936 justified? The stock was already trading at close to 90 PE, primarily on Data Center optimism This rich valuation, combined with the current market correction in real estate stocks, and recent sentiment over Data Centers (just 8% of operating profit), might explain the sharp fall However, Q3 results and management commentary will be crucial in determining the path forward 💭 Tell me in the comments if you think Anant Raj is oversold