Macrotech Developers is currently trading at Rs. 918.85, up by 65.40 points or 7.66% from its previous closing of Rs. 853.45 on the BSE.
The scrip opened at Rs. 853.00 and has touched a high and low of Rs. 927.00 and Rs. 853.00 respectively. So far 79889 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 927.00 on 2-Aug-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. 927.00 and Rs. 817.25 respectively. The current market cap of the company is Rs. 40909.50 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 is eyeing to achieve its target of 50 per cent growth in sales bookings in FY22 to Rs 9,000 crore. The company is eyeing the same despite sluggish housing demand in April-May in view of second wave of the COVID-19 pandemic.
Mumbai-based Macrotech Developers, which markets its properties under 'Lodha' brand, got listed on the stock exchanges in April this year after raising Rs 2500 crore through its initial public offering (IPO). It is one of the leading real estate firm in the country.
Macrotech Developers is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020.
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
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