Macrotech Developers jumps on reporting 88% growth in sales bookings in Q2FY22
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Macrotech Developers is currently trading at Rs. 1117.75, up by 63.15 points or 5.99% from its previous closing of Rs. 1054.60 on the BSE.
The scrip opened at Rs. 1090.15 and has touched a high and low of Rs. 1134.55 and Rs. 1073.30 respectively. So far 30810 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1152.40 on 23-Sep-2021 and a 52 week low of Rs. 421.15 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 1134.55 and Rs. 1038.40 respectively. The current market cap of the company is Rs. 48802.43 crore.
The promoters holding in the company stood at 88.51%, while Institutions and Non-Institutions held 9.71% and 1.79% respectively.
Macrotech Developers has reported 88 percent growth in its sales bookings to Rs 2,003 crore for the September 2021 quarter (Q2FY22) led by the strength of its brand and resilient industry trends. The company remained confident of achieving pre-sales guidance of around Rs 9,000 crore in the current financial year and reducing net debt to around Rs 10,000 crore by the end of March. The company witnessed strong demand across its portfolio, both in ready as well as under-construction projects.
Macrotech Developers is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020.
