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TARC Gains 9%; BSE REALTY Index Up 0.9%
Tue, 2 Jul 15:10

TARC Gains 9%; BSE REALTY Index Up 0.9%Image source: phive2015/www.istockphoto.com

TARC share price has zoomed 9% and is presently trading at Rs 209.5.

Meanwhile, the BSE REALTY index is at 8,678.0 (up 0.9%).

Among the top gainers in the BSE REALTY index today are Godrej Properties (up 4.5%) and Sobha (up 3.8%).

SUNTECK REALTY (down 1.5%) is among the top losers today.

Over the last one year, TARC has moved up from Rs 63.9 to Rs 209.5, registering a gain of Rs 145.6 (up 227.9%).

On the other hand, the BSE REALTY index has moved up from 4,140.6 to 8,678.0, registering a gain of 109.6% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 284.1%), PRESTIGE ESTATES (up 220.4%) and INDIABULLS REAL EST (up 158.0%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,448.7 .

The top losers among the BSE Sensex today are Bharti Airtel (down 2.3%) and Kotak Bank (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,124.8 (down 0.1%). Shriram Transport and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,448.7, registering a gain of 15,533.3 points (up 24.3%).

TARC Financial Update...

TARC net profit fell 3490.2% YoY to Rs -517 million for the quarter ended March 2024, compared to a profit of Rs 15 million a year ago. Net sales declined 93.0% to Rs 95 million during the period as against Rs 1,350 million in January-March 2023.

For the year ended March 2023, TARC reported 108.8% increase in net profit to Rs 204 million compared to net loss of Rs 2,327 million during FY22. Revenue of the company grew 47.1% to Rs 3,687 million during FY23.

The current Price to earnings ratio of TARC, based on rolling 12 month earnings, stands at -80.2.

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