Macrotech Developers jumps on reporting 14% rise in sale bookings during April-December
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Macrotech Developers is currently trading at Rs. 1108.80, up by 16.10 points or 1.47% from its previous closing of Rs. 1092.70 on the BSE.
The scrip opened at Rs. 1092.90 and has touched a high and low of Rs. 1136.45 and Rs. 1092.75 respectively. So far 57527 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1198.75 on 05-Jan-2024 and a 52 week low of Rs. 355.50 on 24-Feb-2023.
Last one week high and low of the scrip stood at Rs. 1198.75 and Rs. 982.00 respectively. The current market cap of the company is Rs. 106578.67 crore.
The promoters holding in the company stood at 74.93%,while Institutions and Non-Institutions held 24.02% and 1.05% respectively.
Macrotech Developers has sold properties worth Rs 10,300 crore during April-December period this fiscal, up 14 per cent annually, driven by a surge in housing demand. The company's sale bookings stood at Rs 9,040 crore in the corresponding period of the previous financial year. Macrotech Developers has set a target of achieving sale bookings of Rs 14,500 crore during the 2023-24 fiscal as against Rs 12,060 crore in the previous year.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
