Page 61 - Macrotech Developers News Today

Stocks in news: Axis Bank, Tata Steel, Canara Bank, GlaxoSmithKline Pharmaceuticals, Macrotech Developers, Bajaj Finserv and more

Nifty futures on the Singapore Exchange traded 27 points, or 0.16 per cent lower at 16,591.5, signaling that...

Company’s revenue from operations during the quarter jumped 67% yoy at Rs2,676 crore.

Get latest articles and stories on Latest News at LatestLY. Realty firm Macrotech Developers on Monday reported a 68 per cent increase in its consolidated net profit to Rs 270.80 crore for the June quarter on better sales. Latest News | Macrotech Developers Profit Rises 68 Pc to Rs 271 Crore in June Quarter.

Sectorwise, the BSE IT index gained 5.92% during the past five trading sessions. BSE Bankex, BSE Metal, BSE Capital Goods and BSE Realty also outpaced Sensex with a gain of over 4.60%.

Data showed that at least 60 stocks on the BSE have rallied over 250% since October 19, 2021, when the benchmark equity index BSE Sensex hit its all-time high of 62,245.43. Since then, the 30-share index has plunged nearly 13% to date.

Stocks in news: Dabur, Dr Reddy's, Titan, TVS PowerGrid, PNB, Deep Industries and more

Macrotech Developers Q1 sales bookings jump nearly 3-fold to Rs 2,814 cr

Data available with Motilal Oswal Financial Services showed that the 50-share index traded at 18.4 times FY23E, below its 10-year average price-to-earnings (P/E) of 19.5 times. Here's what the brokerage house thinks could be a sound investment strategy.

The company has recruited Rajendra Joshi as CEO for the Bengaluru market.