Highlights

• Union Budget 2026-27 announced a tax holiday until 2047 for foreign companies using India-based data centres to deliver global cloud services.
• Data centre-linked stocks such as Anant Raj, E2E Networks and Netweb Technologies recorded gains following the announcement.
• Netweb Technologies had earlier reported a sharp rise in operating income and profit for Q3 FY26, adding to investor interest.

Data centre and digital infrastructure stocks moved higher on Monday after announcements made in the Union Budget 2026-27 signalled long-term policy support for cloud services and data centre operations in India. The market reaction followed the Finance Minister’s proposal of extended tax benefits for foreign companies using India-based data centres to serve global customers, triggering buying interest in select listed players across real estate-linked data centres, cloud service providers, and computing hardware manufacturers.

Budget Announcement Drives Market Sentiment

While presenting the Union Budget 2026-27 in Parliament, the Union Finance and Corporate Affairs Minister announced that foreign companies providing cloud services globally using data centre services located in India would be eligible for a tax holiday extending until 2047. In addition, a safe harbour provision of 15 percent on cost was proposed for cases where data centre services are provided by a related entity.

The policy measures are aimed at positioning India as a preferred hub for global data centre operations, cloud infrastructure, and allied digital services. Following the announcement, investor attention shifted to companies with exposure to data centres, cloud platforms, and high-end computing infrastructure.

Anant Raj Shares Extend Recent Gains

Shares of Anant Raj Ltd (NSE:ANANTRAJ), a real estate developer with data centre exposure, saw an uptick in early trade. The stock was trading at ₹550.85 on the NSE at 10:42 am on 2 February, rising 3.73% for the day. Over the past five sessions, the stock has gained 12.33 percent.

Anant Raj has operated in the National Capital Region for over five decades and has been expanding into data centre infrastructure alongside its real estate portfolio, placing it among the beneficiaries of policy support for digital infrastructure.

E2E Networks Records Sharp Jump

E2E Networks Ltd (NSE:E2E) witnessed a notable rise, with its share price climbing 8.69 percent to ₹2,495.90 at 10:42 am on 2 February. The stock has gained 23.36% over the last five trading sessions, as market participants reacted to the Budget’s focus on cloud services and data centre usage.

E2E Networks operates in the cloud computing and data centre services segment, catering to enterprises and developers seeking scalable infrastructure solutions.

Netweb Technologies in Focus After Budget and Earnings

Netweb Technologies India Ltd (NSE:NETWEB) was trading around ₹3,300.10 at the time of writing on 2 February and has risen 8.70 percent over the past five days. The company operates in the high-end computing solutions segment, offering products across high-performance computing, private cloud, AI systems, enterprise workstations, storage, and data centre servers.

Earlier, on 17 January 2026, Netweb announced its Q3 FY26 financial results. Operating income stood at ₹8,049.3 million, marking a year-on-year increase of 141 percent. Operating EBITDA rose to ₹979.5 million, while profit after tax reached ₹733.1 million for the quarter. Net debt stood at ₹-1,900.8 million as of December 2025.

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