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May 14, 2021
The real estate developer reported 135.7% surge in consolidated net profit to Rs 310.55 crore in Q4 FY21 from Rs 131.74 crore recorded in Q4 FY20.Revenue from operations declined 20% year-on-year to Rs 2533.56 crore in Q4 FY21 from Rs 3169.62 crore in Q4 FY20. Profit before tax surged to Rs 554.50 crore in Q4 FY21 from Rs 51.49 crore in Q4 FY20. The net profit tumbled 94.48% to Rs 40.15 crore in the year ended March 2021 (FY21) compared with Rs 727.56 crore in the year ended March 2020 (FY20). ...
May 13, 2021
Last financial years most rewarding IPOs included Happiest Minds, Chemcon Speciality Chemicals, Route Mobile, Burger King, Mrs. Bectors Food, Indigo Paints, Mtar Technologies, which doubled investors wealth on the listing day. The average listing gains from the IPOs of 2020 stood at 61 per cent, best since 2007.
May 5, 2021
NEW DELHI, May 5: Realty major Macrotech Developers' sales bookings rose 72 per cent year-on-year to Rs 2,013 crore in the fourth quarter of the last
April 20, 2021
A sharp sell-off in the fag-end of the session engulfed markets on Tuesday as incidents of localised lockdowns increased in the country. The economically important state of Maharashtra tightened Covid-19-related curbs, allowing shops to stay open only between 7 AM and 11 AM, while eastern state of Jharkhand announced a complete lockdown for a week, starting Wednesday. Uttar Pradesh government has also announced weekend lockdown across the state. Given that India is grappling with a stronger s...
April 19, 2021
Macrotech Developers shares tumble over 10 per cent in debut trade PTI New Delhi | Updated on April 19, 2021 × Stock lists at Rs 439, a 9.67 per cent decline on the issue price on BSE Shares of Macrotech Developers on Monday made a tepid market debut, listing with a discount of over 10 per cent from the issue price of Rs 486. The stock listed at Rs 439, registering a decline of 9.67 per cent from the issue price on BSE. It further tumbled 13.34 per cent to Rs 421.15. On NSE, it debuted at R...
April 19, 2021
IndiaIndias Macrotech Developers lists at 10% discount after tepid IPO Sethuraman R 3 minutes read A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, December 11, 2018. REUTERS/Francis Mascarenhas Indian real estate company Macrotech Developers Ltds (MACE.NS) shares opened 10% below their offering price in its stock market debut on Monday, after the initial public offering saw lukewarm subscription demand from investors. Macrotech, formerly known ...
April 19, 2021
HDFC Bank reported 18.2% rise in net profit to Rs 8186.50 crore on 16.4% increase in net revenues to Rs 24714.10 crore in Q4 March 2021 over Q4 March 2020. HDFC Bank said that the board of directors of the bank, has granted an enabling approval to the bank for issuance of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (financing of infrastructure and affordable housing) up to a total amount of Rs 50,000 crores in the period of next twe...
April 19, 2021
Macrotech Developers share makes weak market debut, lists at 10% discount to issue price Macrotech Developers share listed at Rs 436, a discount of 10.28% against IPO issue price of Rs 486 on NSE BusinessToday.In | April 19, 2021 | Updated 11:02 IST On BSE, Macrotech Developers listed at Rs 439, a 9.67% discount to issue price. Market cap of the firm stood at Rs 20,766 crore. Macrotech Developers share listed at a discount of 10% to IPO issue price on NSE today. The stock of Mumbai-based rea...
April 19, 2021
Sensex Drops 883 Points, Nifty Ends Below 14,400 On Rising Covid-19 Cases All the 11 sector gauges, barring the index of drug makers, compiled by the National Stock Exchange ended lower. Updated: April 19, 2021 3:41 pm IST Indian equity benchmarks snapped their three-day winning streak and fell sharply on Monday as rising coronavirus infections amid shortage of essential medicines and oxygen weighed on investors sentiment. The Sensex dropped as much as 1,469 points to hit an intraday low of...
April 19, 2021
Shares of Macrotech Developers were trading at Rs 465.10 at 10.19 IST on the BSE, a discount of 4.30% over the initial public offer (IPO) price of Rs 486. The stock was listed at Rs 439, a discount of 9.67% to the IPO price. So far, the stock hit a high of Rs 472.60 and low of Rs 421.15. On the BSE, 1.23 lakh shares were traded on the counter so far. The initial public offer (IPO) of Macrotech Developers was subscribed 1.36 times. The issue opened for bidding on 7 April 2021 and closed on 9 Ap...