Macrotech Developers surges as its sales bookings up 12% in Q2FY24
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Macrotech Developers is currently trading at Rs. 769.00, up by 19.10 points or 2.55% from its previous closing of Rs. 749.90 on the BSE.
The scrip opened at Rs. 773.95 and has touched a high and low of Rs. 773.95 and Rs. 763.55 respectively. So far 15154 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 823.65 on 27-Sep-2023 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. 806.45 and Rs. 745.00 respectively. The current market cap of the company is Rs. 74420.44 crore.
The promoters holding in the company stood at 74.96%, while Institutions and Non-Institutions held 23.64% and 1.40% respectively.
Macrotech Developers has reported 12% growth in its sales bookings at Rs 3530 crore in the second quarter of this fiscal year. The company had sold properties worth Rs 3150 in the year-ago period. The collections from customers against sales surged 16% to Rs 2750 crore in Q2FY24 from Rs 2380 crore during Q2FY23. Net Debt for India business stood at Rs 6730 crore in Q2FY24.
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.
