Macrotech Developers surges on reporting over 2- fold jump in pre-sales in Q1FY23
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Macrotech Developers is currently trading at Rs. 1074.30, up by 34.00 points or 3.27 % from its previous closing of Rs. 1040.30 on the BSE.
The scrip opened at Rs. 1036.10 and has touched a high and low of Rs. 1088.00 and Rs. 1036.10 respectively. So far 2888 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1538.65 on 01-Dec-2021 and a 52 week low of Rs. 645.70 on 06-Jul-2021.
Last one week high and low of the scrip stood at Rs. 1088.00 and Rs. 1035.85 respectively. The current market cap of the company is Rs. 51531.36 crore.
The promoters holding in the company stood at 82.22%, while Institutions and Non-Institutions held 16.36% and 1.43% respectively.
Macrotech Developers has reported pre-sales of Rs 2,814 crore in Q1FY23 as compared to Rs 957 crore in Q1FY22, i.e. over 2-fold jump. The collections from customers against sales rose 53% to Rs 2,616 crore in Q1FY23 from Rs 1714 crore during Q1FY22. Net Debt for India business stood at Rs 8,858 crore in Q1FY23.
Macrotech Developers has Macrotech Developers is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020.
