Shares of TARC, a luxury real estate firm based in New Delhi, experienced a rise of up to 4.98%, trading at ₹216.95 per share on the BSE. This surge followed the company's announcement that it had successfully sold 50% of its TARC Ishva project, valued at ₹1,350 crore.
The announcement comes as the company continues to attract strong interest from investors looking to invest in stocks with high-growth potential.
Details of the TARC Ishva project
TARC Ishva, a luxury residential development located along Golf Course Extension Road in Gurugram's sector 63A, spans a vast 35 million square feet. The project offers four-sided open residences that provide expansive views of the Aravali Hills. The launch of TARC Ishva in September 2024 received a strong response from customers, bolstering investor confidence in the company's ability to deliver on large-scale projects. Investors seeking opportunities to invest in stocks may view TARC's strong performance in this project as an encouraging indicator of future success.
Recent earnings results for Q2FY25
Despite the positive sales announcement, TARC's financial results for Q2FY25 showed a decline. The company reported a significant drop of 85.52% in revenue compared to the same period in the previous year, with earnings falling to ₹5.02 crore. On a quarterly basis, TARC's revenue also fell by 47.87% compared to the previous quarter. Additionally, the company reported a net loss of ₹67.35 crore for Q2FY25.
These results contrast with the recent sales success of TARC Ishva, suggesting that investors looking to invest in stocks should monitor the company's future performance carefully to assess its financial stability and growth trajectory.
Stock performance and market trends
TARC's stock has outperformed the broader market so far this year. The company's share price has increased by 55% year-to-date (YTD) and by 94% over the past year. This performance is a strong indicator for those looking to invest in stocks, as the company's stock has shown impressive growth despite the broader market conditions.
However, TARC's stock has also faced fluctuations. The stock recently corrected by 21.2% from its 52-week high of ₹275.50, reached on 17 September 2024. At the same time, TARC's shares have soared 101% from their 52-week low of ₹107.90, recorded on 17 January 2024. Such price movements highlight the volatility in TARC's stock, which could appeal to those seeking high-risk, high-reward investment in stock opportunities.
Current trading activity and broader market performance
At 12:05 PM, TARC shares were trading 2.83% higher at ₹212.50 per share, while the BSE Sensex was down by 0.1% at 79,994.75. This performance further reinforces TARC's recent positive momentum in the market, offering opportunities for those looking to invest in stocks with potential for growth.
For android only