TARC Ltd Faces Technical Shift Amid Operating Losses and Debt Challenges

TARC Ltd, a small-cap player in the realty sector, has recently undergone an adjustment in its evaluation, reflecting a shift in its technical grade. The company's technical indicators have shown a transition from a mildly bullish stance to a sideways trend. Notably, the MACD readings indicate bearish momentum on a weekly basis, while the monthly outlook remains mildly bearish. The Relative Strength Index (RSI) presents a mixed picture, with no signal on the weekly chart and a bullish indication for the monthly period.
Despite a recent quarter showing positive financial performance, TARC Ltd faces challenges with operating losses and a high Debt to EBITDA ratio of -1.00 times, which suggests difficulties in servicing its debt. The company has generated a modest average Return on Equity of 0.38%, indicating low profitability relative to shareholders' funds. Over the past year, TARC has underperformed the broader market, with a return of -30.84% compared to the BSE500's gain of 3.81%.

The stock's current price stands at 148.90, down from a previous close of 152.30, with a 52-week high of 232.00 and a low of 103.45.

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