TARC Ltd Experiences Strong Buying Momentum Amid Broader Market Decline

TARC Ltd, a small-cap player in the construction and real estate sector, is witnessing significant buying activity, with the stock gaining 4.97% today. This performance stands in stark contrast to the Sensex, which has declined by 0.58% on the same day. Over the past week, TARC has shown a robust increase of 12.32%, while the Sensex has fallen by 1.85%.
In the last three days, TARC has recorded consecutive gains, accumulating a total return of 16.45%. The stock opened today with a gap up at Rs 142.65 and reached an intraday high of the same price, indicating strong buyer interest at this level.

Despite a challenging year-to-date performance, where TARC is down 19.84% compared to the Sensex's decline of 2.52%, the stock has demonstrated resilience with a remarkable 275.39% increase over the past three years. The current buying pressure may be attributed to positive sentiment in the real estate sector, as well as TARC's recent performance exceeding sector benchmarks. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.