While, Rakesh Jhunjhunwala, cut his position in few shares including TARC, commodity exchange MCX, Lupin, Fortis Healthcare and others, well-known and highly respected in financial circles in the country, Ashish Kacholia is sparing no efforts in his personal endeavour to considerably strengthen the TARC stock in what is his ever-bulging portfolio.
With an eye to the future, Kacholia is presently adding considerable TARC stock to shore up its presence in the market.
Though the TARC stock price is recently showing a downward trend, the suave Kacholia who is a celebrated investor is not averse to significantly widening his portfolio. This can be seen by his earlier stock picks like Faze Three stock, one of the multibagger stocks in 2021 giving around 375% return in year-to-date (YTD) and Xpro India share prices gone up from ₹20.95 to ₹652 apiece.
Tarc Ltd, one of the biggest real estate developers in North India, with its base in Delhi, where it owns huge parcels of real estate. The Company develops residential, hospitality, commercial and retail projects focused on experiential living and transforming urban lifestyles. It had recently announced the successful completion of the sale of its warehousing asset in North Delhi to BREP Asia II EIP Holding (NQ) Pte. Limited, an affiliate of funds controlled, managed and/or advised by Blackstone Inc. (BREP) for a total consideration of Rs. 295 crores. In a press statement, the company said it is a move which is aligned to TARC’s strategy in making the TARC a debt free company and maintaining focus on core development projects to unlock much higher value through its strategic and key land parcels in New Delhi.
“Given TARC’s performance in the recent past, and its ambitious plans for the future, there is simply no way that the price will remain in its current form, the stock will see an upsurge”, says a market expert.
Also read: Ashish Kacholia adds nine stocks to his portfolio, exits four others
