TARC Ltd Share Price – NSE  / BSE

Realty, Small Cap

Exxaro Tiles Ltd, Universal Autofoundry Ltd, Balaji Telefilms Ltd and Lancor Holdings Ltd are among the other losers in the BSE's 'B' group today, 17 December 2024.

TARC Ltd lost 10.00% to Rs 189.55 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 9.19 lakh shares were traded on the counter so far as against the average daily volumes of 40738 shares in the past one month.

Exxaro Tiles Ltd tumbled 9.91% to Rs 9.55. The stock was the second biggest loser in 'B' group.On the BSE, 3.59 lakh shares were traded on the counter so far as against the average daily volumes of 89368 shares in the past one month.

Universal Autofoundry Ltd crashed 7.22% to Rs 117. The stock was the third biggest loser in 'B' group.On the BSE, 1.17 lakh shares were traded on the counter so far as against the average daily volumes of 44188 shares in the past one month.

Balaji Telefilms Ltd corrected 6.73% to Rs 88. The stock was the fourth biggest loser in 'B' group.On the BSE, 1.28 lakh shares were traded on the counter so far as against the average daily volumes of 95807 shares in the past one month.

Lancor Holdings Ltd slipped 6.60% to Rs 36.79. The stock was the fifth biggest loser in 'B' group.On the BSE, 61974 shares were traded on the counter so far as against the average daily volumes of 9960 shares in the past one month.

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SEBI believes that the disclosure of financial information and business transactions of the company have been dealt with in a manner which may be detrimental to the interest of investors or the securities markets; and or an intermediary or a person associated with the securities market.

The company said that it shall provide all necessary information, assistance and cooperation in this regard and shall inform the exchanges of any further developments in the matter.

The company stated that this matter will be addressed thoroughly and efficiently, with no impact on financial, operational or other strategic objectives. The company is confident that this will not affect its strong growth trajectory or the long-term value it is committed to deliver to its shareholders.

TARC, a leading luxury real estate developer, is focused on delivering high-quality residential projects in Delhi and Gurugram. With a strong financial position and a prime land bank, the company aims to further its expansion in the luxury real estate market.

On a consolidated basis, TARC reported net loss of Rs 67.35 crore in Q2 September 2024 as against net profit of Rs 1.08 crore in Q2 September 2023. Net sales declined 85.50% YoY to Rs 4.31 crore in Q2 September 2024.

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TARC announced that Infomerics Valuation and Rating has assigned the rating IVR BBB- ; Stable on the proposed issue of non-convertible debentures of the company of Rs 470 crore.

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TARC announces that the Company has sold -50% of project TARC ISHVA amounting to Rs. 1,350 crore. The Company launched TARC Ishva in the month of September 2024 and received exemplary response from its customers. This development has helped the Company gain momentum towards its guidance for this fiscal year and is confident of selling out the balance inventory soon.

TARC ISHVA is located along Golf Course Extension Road in sector 63A of Gurugram. It is a 1.35 million square feet luxury residential development offering Four Side Open Residences with expansive views of the Aravali Hills and complimented with unparalleled amenities being offered in the condominium. With TARC Ishva, the Company has put together a pioneering venture that champions the fusion of extravagance and environmental consciousness.

Amar Sarin, Managing Director & CEO, TARC Limited said, After the overwhelming success of our developments, TARCTripundra and TARC Kailasa, launch of our luxury residential development TARC Ishva in Gurugram has been quite exhilarating. The trust and reliance that Gur customers have reposed in the TARC brand is even more eupohoric and we would like to thank our esteemed customers. TARC with its customer-centric strategy has undoubtedly experienced end-user driven demand for its projects. We are extremely confident that this momentum will continue and we plan to bring more such developments for our valuable customers in the near future.

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