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MACROTECH DEVELOPERS Plunges 5%; BSE REALTY Index Down 1.6%
Fri, 12 Jul 14:12

MACROTECH DEVELOPERS Plunges 5%; BSE REALTY Index Down 1.6%Image source: bluebay2014/www.istockphoto.com

MACROTECH DEVELOPERS share price has plunged 5% and is presently trading at Rs 1,396.8.

Meanwhile, the BSE REALTY index is at 8,532.9 (down 1.6%).

Among the top losers in the BSE REALTY index today are Sobha (down 3.1%) and INDIABULLS REAL EST (down 1.8%).

SUNTECK REALTY (up 1.9%) and MAHINDRA LIFESPACE (up 0.2%) are among the top gainers today.

Over the last one year, MACROTECH DEVELOPERS has moved up from Rs 674.6 to Rs 1,396.8, registering a gain of Rs 722.3 (up 107.1%).

On the other hand, the BSE REALTY index has moved up from 4,216.3 to 8,532.9, registering a gain of 102.4% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 254.8%), PRESTIGE ESTATES (up 199.6%) and Phoenix Mill (up 145.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,671.3 (up 1.0%).

The top gainers among the BSE Sensex today are TCS (up 6.8%) and Infosys (up 3.7%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,561.1 (up 1.0%). TCS and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 80,671.3, registering a gain of 15,327.1 points (up 23.5%).

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 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 88.7.


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