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MACROTECH DEVELOPERS Gains 5%; BSE REALTY Index Up 0.8%
Tue, 29 Oct 13:32

MACROTECH DEVELOPERS Gains 5%; BSE REALTY Index Up 0.8%Image source: Ivcandy/www.istockphoto.com

MACROTECH DEVELOPERS share price has zoomed 5% and is presently trading at Rs 1,165.1.

Meanwhile, the BSE REALTY index is at 7,784.7 (up 0.8%).

Among the top gainers in the BSE REALTY index today are Phoenix Mill (up 3.3%) and DLF (up 1.1%).

PRESTIGE ESTATES (down 2.3%) and Godrej Properties (down 1.5%) are among the top losers today.

Over the last one year, MACROTECH DEVELOPERS has moved up from Rs 756.9 to Rs 1,165.1, registering a gain of Rs 408.2 (up 53.9%).

On the other hand, the BSE REALTY index has moved up from 4,604.3 to 7,784.7, registering a gain of 69.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 123.1%), PRESTIGE ESTATES (up 112.5%) and Brigade Enterprises (up 91.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,886.7 (down 0.1%).

The top losers among the BSE Sensex today are Tata Motors (down 4.6%) and Maruti Suzuki (down 2.7%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,308.7 (down 0.1%). Maruti Suzuki and Tata Motors are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,886.7, registering a gain of 15,837.6 points (up 24.7%).

MACROTECH DEVELOPERS Financial Update...

MACROTECH DEVELOPERS net profit grew 104.9% YoY to Rs 4,237 million for the quarter ended September 2024, compared to a profit of Rs 2,068 million a year ago. Net sales rose 50.1% to Rs 26,257 million during the period as against Rs 17,496 million in July-September 2023.

For the year ended March 2024, MACROTECH DEVELOPERS reported 217.5% increase in net profit to Rs 15,542 million compared to net profit of Rs 4,895 million during FY23. Revenue of the company grew 8.9% to Rs 103,161 million during FY24.

The current Price to earnings ratio of MACROTECH DEVELOPERS, based on rolling 12 month earnings, stands at 55.8.


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