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MACROTECH DEVELOPERS Plunges 3%; BSE REALTY Index Down 0.4%
Thu, 11 Jul 10:11

MACROTECH DEVELOPERS Plunges 3%; BSE REALTY Index Down 0.4%Image source: Sefa Ozel/www.istockphoto.com

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%).

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What About the Benchmark Indices?

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 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 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.


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