Macrotech Developers is currently trading at Rs. 1185.65, up by 21.15 points or 1.82% from its previous closing of Rs. 1164.50 on the BSE.
The scrip opened at Rs. 1142.85 and has touched a high and low of Rs. 1204.00 and Rs. 1142.85 respectively. So far 19886 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1308.95 on 25-Apr-2024 and a 52 week low of Rs. 475.53 on 22-May-2023.
Last one week high and low of the scrip stood at Rs. 1204.00 and Rs. 1088.55 respectively. The current market cap of the company is Rs. 117878.01 crore.
The promoters holding in the company stood at 72.16%, while Institutions and Non-Institutions held 27.11% and 0.73% respectively.
Macrotech Developers is planning to invest Rs 3,500-4,000 crore this fiscal (FY25) to acquire new land parcels, outright and through joint development agreements with landlords, to build housing projects as part of its expansion plan to encash a surge in demand for residential properties. During the last fiscal year, the company added many new land parcels to build housing projects with a potential sales value of over Rs 20,000 crore.
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.
