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MACROTECH DEVELOPERS Gains 6%; BSE REALTY Index Up 1.6%
Tue, 12 Nov 9:44

MACROTECH DEVELOPERS Gains 6%; BSE REALTY Index Up 1.6%Image source: asbe/www.istockphoto.com

MACROTECH DEVELOPERS share price has zoomed 6% and is presently trading at Rs 1,253.0.

Meanwhile, the BSE REALTY index is at 7,673.2 (up 1.6%).

Among the top gainers in the BSE REALTY index today are Brigade Enterprises (up 2.8%) and SUNTECK REALTY (up 1.8%).

Over the last one year, MACROTECH DEVELOPERS has moved up from Rs 845.9 to Rs 1,253.0, registering a gain of Rs 407.1 (up 48.1%).

On the other hand, the BSE REALTY index has moved up from 5,174.2 to 7,673.2, registering a gain of 48.3% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 110.7%), PRESTIGE ESTATES (up 95.3%) and OBEROI REALTY (up 66.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,539.3 (up 0.1%).

The top gainers among the BSE Sensex today are ICICI Bank (up 1.3%) and Bharti Airtel (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,136.2 . HDFC Bank and Maruti Suzuki are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,975.6 to 79,539.3, registering a gain of 14,563.7 points (up 22.4%).

MACROTECH DEVELOPERS Financial Update...

MACROTECH DEVELOPERS net profit grew 104.9% YoY to Rs 4,237 million for the quarter ended September 2024, compared to a profit of Rs 2,068 million a year ago. Net sales rose 50.1% to Rs 26,257 million during the period as against Rs 17,496 million in July-September 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 60.0.


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