Multibagger Stock: TARC Ltd share price rose 8% to an all-time high during intraday trades on Wednesday. Shares of TARC opened at ₹209.25 today, slightly higher than its previous closing level of ₹208.15. However, it rose more than 8% to hit a 52-week high of ₹225 on Wednesday. Shares of TARC closed at ₹217.4, up 4.44% on BSE. TARC share price has increased by 243% in the last one year, giving multibagger returns to investors.
What is the target price?
Ambit Research has initiated coverage on TARC Limited. TARC sees an upside of almost 50% in the stock at ₹217 level. According to Ambit, the target price of TARC share price is ₹325. As per Ambit’s estimates, TARC continues to undertake architectural development and enhance partnerships, which is expected to generate pre-sales worth ₹15,000 crore (over FY25-FY27) along with strategic prime land parcels. TARC is expected to deleverage its balance sheet, supported by further strong cash flows. According to Ambit the debt-equity ratio is expected to decline to 0.1x in FY2015 from 1x in FY2014. TARC will be loan free by FY26.
This share can go up to ₹ 35, now the price is 94% cheaper, experts said – buy
company business
Anant Raj Corporation or TARC Limited was established as a construction and contracting business and has since grown well with large land banks and has transformed into a significant large real estate development firm in the Delhi National Capital Region. Has gone. With a large land bank of over 500 acres, TARC Limited is focused on becoming a large luxury housing developer.
