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EQUITY - MARKET SCREENER

Gujarat Mineral Development Corporation Ltd
Industry :  Mining / Minerals / Metals
BSE Code
ISIN Demat
Book Value()
532181
INE131A01031
210.3581761
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
GMDCLTD
33.02
21293.28
EPS(TTM)
Face Value()
Div & Yield %
20.28
2
1.51
 

genpharmasec limited
Data centre, AI stocks rally after Budget offers tax sops for cloud services
Feb 01,2026
E2E Networks jumped 8.56%, while Anant Raj rose 6.57%. Netweb Technologies India gained 5.27%, reflecting strong investor optimism around India's data centre and AI infrastructure theme.

The rally followed Finance Minister Nirmala Sitharaman's announcement of a major tax initiative to position India as a global hub for cloud services. Under the proposal, any foreign company providing cloud services to customers worldwide using data centre infrastructure located in India will be eligible for a tax holiday extending up to 2047.

In addition, the government announced a safe harbour margin of 15% on cost for data centre services provided from India by related entities, offering greater tax certainty for multinational groups.