Multibagger TARC Soars to All-Time High with 8% Surge: Ambit Predicts Another 50% Upside! | Stock Market News

Stock Market Today: TARC Ltd’s share price jumped 8% to a record high during intraday trades on Wednesday. The stock opened at ₹209.25, slightly above the previous close of ₹208.15, and surged over 8% to reach a 52-week high of ₹225. TARC shares ended the day at ₹217.4 on the BSE, up 4.44%.

Over the past year, TARC shares have gained 243%, delivering multibagger returns to investors.

TARC Ltd, originally known as Anant Raj Corporation, started as a construction and contracting company and has since become a major real estate developer in the Delhi National Capital Region. TARC, with over 500 acres of land, aims to become a leading luxury housing developer, according to Ambit Research, which is bullish on TARC’s future.

Ambit Research, which has begun covering TARC Ltd, predicts nearly a 50% upside for the stock, which is currently trading at ₹217. They have set a target price of ₹325.

TARC continues to focus on developing quality architecture and forming strategic partnerships. With its prime land parcels, TARC expects to achieve sales of over ₹15,000 crore between FY25 and FY27, according to Ambit estimates.

Strong cash flows are expected to help TARC reduce its debt. Ambit forecasts that TARC’s debt-to-equity ratio will drop to 0.1 times in FY25 from 1 time in FY24.

Ambit believes TARC is in a similar position to where DLF was in the early 2000s. If TARC executes well, it could become a major real estate player over the next two decades.

TARC aims to be net debt-free by FY26. According to Ambit, this deleveraging, along with the addition of new projects and smooth delivery of existing ones, will drive a re-rating of the stock.