Buy, Sell Or Hold: Netweb Technologies, Sterlite Technologies, Railtel Corporation, Tata Communications, Anant Raj — Analyst Forecast

Updated: 24 Sept 2026 • 11:02 am

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Buy, Sell Or Hold: Netweb Technologies, Sterlite Technologies, Railtel Corporation, Tata Communications, Anant Raj — Analyst Forecast

Sector Snapshot (24 September 2026)

Stock	LTP (Rs)	52W High	52W Low	P/E vs Industry	ROE	Our View
Netweb Technologies	4,690.00	5,813.00	2,920.00	108.01 / 47.46	28.46%	Hold
Sterlite Technologies	847.80	912.00	84.60	183.33 / 48.33	2.10%	Avoid / High Risk
Railtel Corporation	264.00	400.80	245.00	24.92 / 26.31	15.31%	Buy on Dips
Tata Communications	1,697.90	2,110.00	1,322.50	51.77 / 35.94	31.91%	Hold
Anant Raj	633.35	743.65	403.00	39.18 / 33.42	9.59%	Hold

India has no separately listed pure-play hyperscale data centre operator yet, so this list covers the closest adjacent businesses: a server hardware maker, a fibre and telecom infrastructure company, a PSU telecom infrastructure firm, a telecom major with its own data centre arm, and a real estate developer building data centre campuses.

Quick Answer

Railtel Corporation stands out among these data center stocks, trading near its 52-week low at a near-fair valuation with a debt-free balance sheet. Tata Communications posts the strongest return on equity in the group but carries the highest debt here by a wide margin. Netweb Technologies and Anant Raj are reasonable holds, while Sterlite Technologies' extreme valuation against negligible return on equity puts it in high-risk territory.

India does not yet have a separately listed pure-play data centre operator, so this basket covers the closest adjacent businesses benefiting from the AI and cloud infrastructure buildout: server hardware, fibre and telecom infrastructure, and real estate developers building data centre campuses. This piece checks five such names on valuation and profitability.

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Table of Contents

Netweb Technologies: Hold

Netweb Technologies, a maker of high-performance computing servers used in AI and data centre workloads, trades at Rs 4,690.00, down close to 19% from its 52-week high of Rs 5,813.00. It posts a strong return on equity of 28.46%, but its price-to-earnings ratio of 108.01 is more than double the industry average of 47.46. With the valuation already pricing in a lot of future growth, this looks like a hold rather than a fresh buy.

Sterlite Technologies: Avoid / High Risk

Sterlite Technologies, a fibre optics and telecom infrastructure company, trades at Rs 847.80, close to its 52-week high of Rs 912.00 after a dramatic rally from its low of Rs 84.60. Its price-to-earnings ratio of 183.33 is nearly four times the industry average of 48.33, while its return on equity of just 2.10% is the weakest in this group by a wide margin. That gap between an extreme valuation and negligible profitability puts this in high-risk territory despite the powerful rally.

Railtel Corporation: Buy on Dips

Railtel Corporation, the PSU telecom infrastructure firm that also operates Tier III data centres, is at Rs 264.00, close to its 52-week low of Rs 245.00 and down close to 34% from its high of Rs 400.80. It combines a return on equity of 15.31% with a price-to-earnings ratio of 24.92, close to the industry average of 26.31, and carries an almost debt-free balance sheet. That combination of solid profitability, a fair valuation and a stock near its lows makes it the standout data center stock to watch for accumulation.

Tata Communications: Hold

Tata Communications, whose Nxtra subsidiary is one of India's larger data centre operators, trades at Rs 1,697.90, down close to 20% from its 52-week high of Rs 2,110.00. It posts the strongest return on equity in this group at 31.91%, but its price-to-earnings ratio of 51.77 sits above the industry average of 35.94, and it carries a debt-to-equity ratio of 3.55, the highest here by a wide margin. That combination of strong returns, a rich multiple and heavy leverage keeps this in hold territory.

Anant Raj: Hold

Anant Raj, a real estate developer building out a large data centre campus alongside its traditional property business, is at Rs 633.35, down close to 15% from its 52-week high of Rs 743.65. It posts a return on equity of 9.59% with a price-to-earnings ratio of 39.18, modestly above the industry average of 33.42. There is nothing alarming here, but nothing compelling enough to stand out either, which makes this a straightforward hold.

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What Ties These Data Center Stocks Together

All five of these data center stocks are riding some version of India's AI, cloud and digital infrastructure buildout, even though none is a pure-play data centre operator. Railtel Corporation currently offers the most balanced combination of valuation and profitability, Tata Communications' strong returns come with the heaviest leverage in the group, and Sterlite Technologies' extreme rally has pushed its valuation well ahead of its current profitability. Hyperscaler capex plans, government digital infrastructure spending and fibre network expansion can all move these numbers meaningfully from one quarter to the next.

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Conclusion

Data center stocks in India are still an indirect theme rather than a set of pure-play options. Railtel Corporation currently looks best placed for gradual accumulation among these data center stocks, Netweb Technologies, Tata Communications and Anant Raj are reasonable holds, and Sterlite Technologies' stretched valuation against weak returns keeps it in higher-risk territory. As always, treat this as a starting point rather than a final word.

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Stock market investments are subject to market risks. Please verify all data independently and consult a SEBI-registered investment adviser before making any investment decisions. Univest Financial Services Private Limited, SEBI Registered Investment Adviser, Registration No. INH000013776.

Frequently Asked Questions

A few common questions on these data center stocks, answered briefly below for quick reference on this data center stocks basket, since none of these data center stocks is a pure-play operator.

Is there a pure-play listed data center stock in India?

No, India does not yet have a separately listed pure-play hyperscale data centre operator, which is why this data center stocks basket covers the closest adjacent businesses instead.

Which data center stock looks the most attractive right now?

Railtel Corporation currently shows the most balanced combination of a near-fair valuation and solid return on equity among these data center stocks, while also trading close to its 52-week low.

Why is Sterlite Technologies rated high risk?

Sterlite Technologies trades at nearly four times the industry average price-to-earnings ratio while its return on equity of 2.10% is the weakest among these data center stocks, a combination that puts it in high-risk territory despite its powerful share price rally.

Does Tata Communications carry a lot of debt?

Yes, Tata Communications has a debt-to-equity ratio of 3.55, the highest among these data center stocks by a wide margin, which is worth weighing against its strong return on equity.

How does Anant Raj fit into the data centre theme?

Anant Raj is primarily a real estate developer that has been building out a large data centre campus alongside its traditional residential and commercial property business, giving it indirect exposure to the digital infrastructure buildout.

Where can I track these data center stocks in real time?

You can track live prices, set price alerts, and follow quarterly results for Netweb Technologies, Sterlite Technologies, Railtel Corporation, Tata Communications and Anant Raj using the Univest iOS App and Univest Android App.