{"id":117223,"date":"2024-01-12T13:31:27","date_gmt":"2024-01-12T08:01:27","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=117223"},"modified":"2024-01-12T13:52:08","modified_gmt":"2024-01-12T08:22:08","slug":"realty-stock-jumps-5-5-after-it-launches-ultra-luxury-high-rise-residential-project-in-new-delhi","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/realty-stock-jumps-5-5-after-it-launches-ultra-luxury-high-rise-residential-project-in-new-delhi\/","title":{"rendered":"Realty stock jumps 5.5% after it launches ultra luxury high rise residential project in New Delhi"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1938777546\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the leading luxury real estate developers gained 5.5 percent to an all-time high price of Rs 184.9 apiece after the company launched its new project Tarc Kailasa in New Delhi.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-311821412\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>On Friday\u2019s trade, At 12:25 p.m, TARC Ltd shares were trading at Rs 184.60 apiece, up 5.31 percent from the previous close price on the Bombay Stock Exchange, While the company has a market capitalization of Rs 5,402 crore.&nbsp;<\/p><p>As per the company\u2019s exchange filing, the Company announced the launch of its ultra-luxury high-rise Residential Project Tarc Kailasa in New Delhi.&nbsp;<\/p><p>The company\u2019s project has a total area size of 1.7 million square feet of development spread over a 6-acre land parcel, comprising 5 high-rise magnificent towers. The company has chosen Arabian Construction Company for its construction contractor.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-900754500\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Further, the company expects its new project Tarc Kailasa to have a revenue potential of over Rs 4,000 Crores.&nbsp;<\/p><p>The company\u2019s revenues have declined by 29 percent year on year from Rs 41.67 crore in Q2FY23 to Rs 29.72 crore in Q2FY24, while net profit has significantly declined by 86 percent from Rs 8.17 crore to Rs 1.07 crore.&nbsp;<\/p><p>TARC shares have delivered a return of 188 percent in the last six months and 344 percent in a year. A shareholder investment of Rs 1 lakh in the company, would be worth Rs 2.88 lakhs in the last six months.&nbsp;<\/p><p>TARC Limited formerly known as Anant Raj Global Ltd, is a company engaged in the business in the real estate development and construction business in India. The company undertakes residential, hotels, branded and service apartments, warehouses, hospitality, commercial, and retail projects.&nbsp;<\/p><p><strong>Written by Omkar Chitnis<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2386511016\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-1591000498\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the leading luxury real estate developers gained 5.5 percent to an all-time high price of Rs 184.9 apiece after the company launched its new project Tarc Kailasa in New Delhi.&nbsp; On Friday\u2019s trade, At 12:25 p.m, TARC Ltd shares were trading at Rs 184.60 apiece, up 5.31 percent from the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":35514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-117223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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