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MACROTECH DEVELOPERS Gains 5%; BSE REALTY Index Up 1.6%
Fri, 9 Aug 13:30

MACROTECH DEVELOPERS Gains 5%; BSE REALTY Index Up 1.6%Image source: Eoneren/www.istockphoto.com

MACROTECH DEVELOPERS share price has zoomed 5% and is presently trading at Rs 1,245.2.

Meanwhile, the BSE REALTY index is at 7,991.4 (up 1.6%).

Among the top gainers in the BSE REALTY index today are Sobha (up 2.7%) and OBEROI REALTY (up 2.7%).

Brigade Enterprises (down 2.5%) and DLF (down 0.3%) are among the top losers today.

Over the last one year, MACROTECH DEVELOPERS has moved up from Rs 727.2 to Rs 1,245.2, registering a gain of Rs 518.0 (up 71.2%).

On the other hand, the BSE REALTY index has moved up from 4,341.4 to 7,991.4, registering a gain of 84.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 196.8%), PRESTIGE ESTATES (up 191.6%) and Phoenix Mill (up 97.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,712.1 (up 1.0%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.9%) and JSW Steel (up 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,371.1 (up 1.1%). Eicher Motor and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,712.1, registering a gain of 13,758.6 points (up 20.9%).

MACROTECH DEVELOPERS Financial Update...

MACROTECH DEVELOPERS net profit grew 163.6% YoY to Rs 4,763 million for the quarter ended June 2024, compared to a profit of Rs 1,807 million a year ago. Net sales rose 76.0% to Rs 28,465 million during the period as against Rs 16,174 million in April-June 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 66.5.


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