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MACROTECH DEVELOPERS Gains 3%; BSE REALTY Index Down 0.3%
Mon, 7 Oct 11:30

MACROTECH DEVELOPERS Gains 3%; BSE REALTY Index Down 0.3%Image source: Eoneren/www.istockphoto.com

MACROTECH DEVELOPERS share price has zoomed 3% and is presently trading at Rs 1,210.8.

Meanwhile, the BSE REALTY index is at 8,034.7 (down 0.3%).

Among the top gainers in the BSE REALTY index today are Godrej Properties (up 1.0%) and Phoenix Mill (up 0.3%).

MAHINDRA LIFESPACE (down 5.0%) and Sobha (down 3.9%) are among the top losers today.

Over the last one year, MACROTECH DEVELOPERS has moved up from Rs 788.4 to Rs 1,210.8, registering a gain of Rs 422.4 (up 53.6%).

On the other hand, the BSE REALTY index has moved up from 4,625.6 to 8,034.7, registering a gain of 73.7% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 177.0%), Sobha (up 153.9%) and Brigade Enterprises (up 135.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,496.7 (down 0.2%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 3.8%) and NTPC (down 2.9%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 24,975.2 (down 0.2%). MUNDRA PORT & SEZ and Coal India are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,496.7, registering a gain of 15,984.6 points (up 24.4%).

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 64.7.


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