Motilal Oswal cuts price target of this data centre play, but still sees 43% upside

Motilal Oswal said it expects Anant Raj’s Data Centre revenue to grow materially, with capacity increasing from 6 MW in financial year 2024 to 307 MW by financial year 2032, along with a shift towards cloud services, which will expand from 0.5 MW to 77 MW over the same period.

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