Page 79 - Macrotech Developers News Today

ET Markets RadioTune in now for Markets news, views & cues Market Watch (ETMarkets.com) 05:27 Min | April 19, 2021, 7:29 PM IST Tune in as we discuss how June quarter will turn out for India Inc, what investors should do right now, and more! Tags Transcript Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Nikhil Agarwal and here are the top headlines at this hour. Delhi announces 6-day lockdown starting tonight SC stays further proceedings in Amazon-...

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...

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...

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...

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...

Macrotech Developers will utilise the IPO proceeds to repay debts and acquire land Macrotech Developers (formerly Lodha Developers) Rs 2,500-crore initial public offering (IPO) is set to debut on the bourses on Monday i.e. April 19. The IPO, which was open between April 7 and April 9, had received a tepid response from all category of investors. The public issue was subscribed by a mere 1.36 times; the portion set aside for qualified institutional buyers was subscribed 3.05 times, non-instituti...

Nifty to tumble over 180 points on fresh lockdown announcements April 19, 2021 × Though Covid-19-related situation is worrisome, IMD and Skymet predicting normal monsoon for the country augurs well for the market Indian markets are expected to open sharply lower on Monday, as fresh lockdowns have been announced by various governments following spread of the Covid-19 pandemic. The SGX Nifty, which currently rules at 14,463 at the Singapore Stock Exchange, indicates at least a 180 points gap-d...

Macrotech Developers will utilise the IPO proceeds to repay debts and acquire land Macrotech Developers (formerly Lodha Developers) shares debuted at a 10 per cent discount to the issue price in a weak market amid a spike in coronavirus cases across the country. The share price started off the session at Rs 439 on the BSE, lower by 10 per cent as against issue price of Rs 486. At 10:25 am, the shares of Macrotech Developers were trading off their intra-day lows at Rs 457 on the BSE and Rs 460 o...

1.36 times According to analysts, the company is a good bet if you were willing to hold on to the stock for the long run — not for its listing premium. So, if you have the shares and are concerned that there’s been a loss on premium, keep the stock if you have the patient. Why are investors wary of Macrotech Developers? One of the reasons for investors to be wary was the company’s high level of debt. Around ₹1,500 crore of funds from the IPO will go towards repaying lenders to ease ...

Shares of Macrotech Developers, also known as Lodha Developers, fell as much as 13 per cent on their stock market debut on Monday, before recouping half of the losses and settling at Rs 458, down Rs 28 or 5.8 per cent. It touched a low of Rs 423 and a high of Rs 478 on the NSE, where Rs 20,484 crore worth of shares changed hands. The poor listing comes amid weakness in the secondary market because of the rise in Covid-19 infections and lockdown measures imposed in key states. Since Lodha’s ...