Shares of Indian real estate developer TARC rallied 12.3% to an intraday high of ₹142.40 on Monday, driven by robust first-quarter results that highlighted accelerating demand in the housing sector.
The company reported that pre-sales for the June quarter reached ₹602 crore, a threefold increase compared to the same period last year.
Total collections surged 80% year-over-year, signaling strong buyer confidence despite broader market headwinds.
The results underscore TARC’s ability to convert interest into bookings, a critical metric for developers navigating a competitive landscape.
Management noted ongoing progress on construction projects and outlined plans for new luxury developments, suggesting the current momentum is supported by a diversified pipeline.
The strong pre-sales figures indicate that demand for premium housing remains resilient, even as broader economic indicators show mixed signals.