India's TARC rises most in near five years as quarterly presales surge
07/07/2026 07:50
BUZZ-India's TARC rises most in near five years as quarterly presales surge ** India's TARC Ltd TART.NS rises 13.2% to 141.15 rupees, its biggest intraday pct jump in about five years
** TARC stock hits a two-month high
** Company says quarterly presales, which refer to value of properties booked by customers, up threefold YoY to 6.02 billion rupees ($63.16 million)
** Company's first-quarter collections, money received from customers, were up 80% YoY at 30.5 billion rupees
** "With a robust portfolio of ongoing projects and a strong upcoming launch pipeline, we remain well-positioned to deliver long-term growth," company says
** TARC stock down 17.29%, YTD
($1 = 95.3100 Indian rupees)
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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