📰 Macrotech Developers News
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July 5, 2023
Macrotech Developers, which sells properties under the Lodha brand, had sold properties worth Rs 2,860 crore in the year-ago period.
July 5, 2023
Stocks to Watch on Wednesday, July 5: LTIMindtree will replace HDFC in the benchmark Nifty50 index, while LIC Housing Finance will likely replace it in the Nifty Financial Services index
July 5, 2023
FSN E-Commerce, the parent company of Indian fashion and beauty e-tailer Nykaa, has been downgraded from largecap to midcap category by the Association of Mutual Funds in India (AMFI) following a 42% drop in share price from its 52-week high. Nykaa was not the only firm downgraded to midcap, with Tata Elxsi and Info Edge among those also demoted. The market value of 100 stocks places them in the largecap category, while those ranked between 101 and 250 form the midcap category.
July 5, 2023
Lodha's net debt increased 3 per cent to Rs 72.6 billion primarily on account of front-loaded business development investment.
July 5, 2023
Realty firm Macrotech Developers has reported a 17 per cent increase in sales bookings at Rs 3,350 crore in the first quarter of this fiscal and added five new land parcels to develop projects with sales potential of around Rs 12,000 crore.
July 5, 2023
The Nifty Realty index closed 0.56 per cent up at 525.9.
July 5, 2023
Realty developer Lodhas listed company Macrotech Developers has entered into an agreement with Havemore Realty to develop the free-sale component of a 1.4-million-sq-ft Mumbai project in which HDFC was an investor. HDFC that has merged with HDFC Bank will get a certain built-up area as part of repayment of its investment made earlier.
July 4, 2023
The Nifty Realty index was trading 0.0 per cent at 523.9.
July 4, 2023
The company has also added five new projects with potential gross development value of Rs 12,000 crores across different micro-markets during the quarter. “With a strong start for the year, the performance achieved is in line with our guidance of 20% pre-sales growth for FY24. Demand conditions remain robust with a very strong consumer desire to buy a home,” said Abhishek Lodha, MD & CEO, Lodha Group.
July 4, 2023
Several mid-cap stocks in India witnessed a surge in performance on Tuesday, hitting their 52-week highs. Notable companies that reached new heights include Cholamandalam Investment and Finance, Endurance Technologies, Exide Industries, MacroTech Developers, M&M Financial Services, PFC, Shriram Finance, SJVN, and Tata Groups Trent