Macrotech Developers shares fall 3% after promoter sells stake
In the past year, Macrotech Developers stock has surged 152 percent, outperforming the benchmark Nifty which has gained 30 percent during the period
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In the past year, Macrotech Developers stock has surged 152 percent, outperforming the benchmark Nifty which has gained 30 percent during the period
The announcement of the QIP originally pushed Macrotech Developers stock to a record high of ₹1,277.90 on the NSE on March 11.
Prominent names like Rajiv Jain's GQG Partners, Invesco Developing Markets Fund and Stitching Depositary APG Emerging Markets Equity Pool participated in Marcotech Developers' QIP.
Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues? Perhaps they think Zee is a deep-value stock, observes Debashis Basu.
Last week, Sony Pictures Networks India (now called Culver Max Entertainment) ended its merger proposal with Zee Entertainment Enterprises Ltd (Zee) which was signed on 22 December 2021. The market had already got wind of it and so the stock started weakening from around Rs278 on Monday, 8th January.