TARC Ltd is a Leading Luxury Real Estate Developer from Delhi. Technically chart is poised interestingly at 61 – 62 levels after breaking out its previous all-time high of 60.80 which it made in Jan 2022.
Fundamentally TARC has a considerable land bank (550+ acres) in and around Delhi and is in the process of developing the same.
Management has retired its old debt which was at a higher interest rate after securing stable funding in the form of Ncd’s from Bain Capital last year.
Tarc is aiming for 5,500 crores of Gross development value from its upcoming projects in the coming years. In Fy 23 they achieved a Project Sales value of 520 crores and are aiming for 2500 crores by the end of Fy 25
Disclosure – Invested
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