MACROTECH DEVELOPERS share price has plunged 3% and is presently trading at Rs 1,485.4.
Meanwhile, the BSE REALTY index is at 8,756.5 (down 0.4%).
Among the top losers in the BSE REALTY index today are Brigade Enterprises (down 1.4%) and Sobha (down 0.5%).
INDIABULLS REAL EST (up 1.3%) and OBEROI REALTY (up 0.6%) are among the top gainers today.
Over the last one year, MACROTECH DEVELOPERS has moved up from Rs 674.6 to Rs 1,485.4, registering a gain of Rs 810.8 (up 120.2%).
On the other hand, the BSE REALTY index has moved up from 4,216.3 to 8,756.5, registering a gain of 107.7% during the last 12 months.
The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 266.1%), PRESTIGE ESTATES (up 200.5%) and Phoenix Mill (up 153.3%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 79,977.5 (up 0.1%).
The top gainers among the BSE Sensex today are Tata Steel (up 1.5%) and Tata Motors (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.
In the meantime, NSE Nifty is at 24,348.5 (up 0.1%). Coal India and BPCL are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,977.5, registering a gain of 14,633.3 points (up 22.4%).
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 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 94.3.
Equitymaster requests your view! Post a comment on "MACROTECH DEVELOPERS Plunges 3%; BSE REALTY Index Down 0.4%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!