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MACROTECH DEVELOPERS Gains 5%; BSE REALTY Index Up 2.2%
Thu, 13 Jun 16:9

MACROTECH DEVELOPERS share price has zoomed 5% and is presently trading at Rs 1,526.8.

Meanwhile, the BSE REALTY index is at 8,738.0 (up 2.2%).

Among the top gainers in the BSE REALTY index today are Sobha (up 5.1%) and Godrej Properties (up 3.2%).

SUNTECK REALTY (down 2.1%) and Phoenix Mill (down 0.6%) are among the top losers today.

Over the last one year, MACROTECH DEVELOPERS has moved up from Rs 613.5 to Rs 1,526.8, registering a gain of Rs 913.4 (up 148.9%).

On the other hand, the BSE REALTY index has moved up from 4,047.8 to 8,738.0, registering a gain of 115.9% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 303.0%), PRESTIGE ESTATES (up 233.5%) and Brigade Enterprises (up 139.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 76,810.9 (up 0.3%).

The top gainers among the BSE Sensex today are M&M (up 3.1%) and Titan (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 23,399.4 (up 0.3%). Shriram Transport and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 76,810.9, registering a gain of 14,086.2 points (up 22.5%).

MACROTECH DEVELOPERS Financial Update...

MACROTECH DEVELOPERS net profit fell 10.9% YoY to Rs 6,677 million for the quarter ended March 2024, compared to a profit of Rs 7,492 million a year ago. Net sales rose 23.4% to Rs 40,185 million during the period as against Rs 32,554 million in January-March 2023.

For the year ended March 2023, MACROTECH DEVELOPERS reported 59.5% decrease in net profit to Rs 4,895 million compared to net profit of Rs 12,085 million during FY22. Revenue of the company grew 2.6% to Rs 94,704 million during FY23.

The current Price to earnings ratio of MACROTECH DEVELOPERS, based on rolling 12 month earnings, stands at 96.9.

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