02 Feb 2026 | 3 Mins Read
Data centre stocks surge up to 7% due to underlying triggers
Flipitmoney
The Union Budget announced a tax holiday until 2047 for foreign companies providing global cloud services from data centres in India, sparking a rally of up to 7% in stocks of Anant Raj, Netweb Technologies, Techno Electric Engineering, and Cummins India, expected to benefit from India's shift to a global cloud and data centre hub.