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May 24, 2021
Listed realty developers’ sales share rises to 22% in April-December from 6% in FY17: Report SECTIONS Share Synopsis Of the total sales of 93,140 apartments in the first nine months of 2020-21 across the top 7 cities, top 8 listed players’ share stood at 22% while non-listed leading players’ share was 18%. Non-branded developers accounted for a 60% share, showed data from Anarock Property Consultants. Agencies These companies together sold 21.23 million sq ft residential area between Apri...
May 24, 2021
Stocks in the news: Grasim, SBI, JSW Steel, Dr Reddys Labs, India Cements and Natco Pharma SECTIONS Stocks in the news: Grasim, SBI, JSW Steel, Dr Reddys Labs, India Cements and Natco PharmaETMarkets.com Last Updated: May 24, 2021, 07:14 AM IST Share Synopsis The countrys largest lender reported an 80.15 per cent jump in its standalone profit after tax (PAT) of Rs 6,451 crore in the three months to March 2021. Agencies Hero MotoCorp said it will resume production at all its manufacturing pla...
May 24, 2021
Residents of Mumbai’s World Crest Towers drag developer Lodha Group to bankruptcy court May 24, 2021 × The World Crest society has, in its filing to the National Company Law Tribunal, said that Macrotech has failed to clear its dues of ₹7.2 crore Residents of Mumbai-based World Crest World Towers, India’s tallest residential complex, have initiated bankruptcy proceedings against Macrotech Developers (erstwhile Lodha Group), which is among the country’s largest real-estate companies. ...
May 23, 2021
Realty firm Macrotech Developers is targeting to bring down its net debt to zero over the next three years from the current borrowing level of around Rs 16,000 crore, as it remains bullish on housing and warehousing segments despite the COVID-19 pandemic. Mumbai-based Macrotech Developer, earlier known as Lodha Developers, is one of the leading real estate firms in the country. It got listed on the stock exchanges last month after a successful launch of its Rs 2,500-crore initial public offer...
May 17, 2021
NSE-BSE bulk deals: Societe Generale buys stake in Lodha; BofA picks up PVR shares SECTIONS Last Updated: May 17, 2021, 08:34 PM IST Share Synopsis Segantii India Mauritius sold 318,990 shares of Macrotech at Rs 641.4 apiece through a block deal on the BSE. Agencies BofA Securities Europe bought 349,108 shares of PVR at Rs 1,169.2 apiece through a bulk deal on the National Stock Exchange. Related NSE Lodha) at Rs 641.5 per share through a block deal on the BSE. In another transaction, Seganti...
May 16, 2021
Realty firm Macrotech Developers will double its investment on construction to Rs 2,800 crore in this fiscal to speed up works at various projects which were hampered last year due to the COVID-19 pandemic and a nationwide lockdown. Mumbai-based Macrotech Developer, earlier known as Lodha Developers, is one of the leading real estate firm in the country. The company got listed on the stock exchange last month after successful launch of its Rs 2,500-crore initial public offering (IPO). In an ...
May 16, 2021
Macrotech to invest Rs 2,800 cr in FY22 on construction of realty units proptiger Realty firm Macrotech Developers will double its investment on construction to Rs 2,800 crore in this fiscal to speed up works at various projects which were hampered last year due to the COVID-19 pandemic and a nationwide lockdown. Mumbai-based Macrotech Developer, earlier known as Lodha Developers, is one of the leading real estate firm in the country. The company got listed on the stock exchange last month afte...
May 14, 2021
Explore Now Nifty futures on the Singapore Exchange traded 179 points, or 1.23 per cent, higher at 14,686.50, signalling that Dalal Street was headed for a positive start on Friday. Here are a dozen stocks which may buzz the most in todays trade: L&T, DRL and Cipla: Larsen & Toubro, Dr. Reddys Laboratories Cipla, Balkrishna Industries, Macrotech Developers, Aditya Birla Capital, Oberoi Realty, Escorts, SKF India and Cholamandalam Finance Holdings are among companies that will announce their Ma...
May 14, 2021
Wall Street ended sharply higher in the overnight session after three days of selling on upbeat labour market data. All three major US stock indexes notched solid gains, with the S&P 500 enjoying its biggest percentage gain in over a month. The Dow Jones Industrial Average rose 1.29%, the S&P 500 gained 1.22% and the Nasdaq Composite added 0.72%. Asian markets tracked the robust sentiment in US markets and climbed, with investors migrating to value from growth companies as signs of a strengt...
May 14, 2021
A rebound in US stocks following a three-day rout and easing of US bond yields and inflationary concerns may give domestic stocks a positive start on Friday. Upbeat sentiment in other Asian markets, and back home, data showing an improvement in factory output and fall in retail inflation may help stocks log gains. Heres breaking down the pre-market actions: STATE OF THE MARKETS Nifty futures on the Singapore Exchange traded 172.5 points, or 1.19 per cent, higher at 14,680, signaling that Dalal ...