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mahindra group: Mahindra Lifespaces Q1 pre-sales Rs 345 crore, industrial land leasing Rs 14 crore

Mahindra Lifespace Developers, the real estate and infrastructure development business of the Mahindra Group, has clocked pre-sales of Rs 345 crore and industrial land leasing worth Rs 14 crore during the quarter ended June. The company has reported a net loss of Rs 4.3 crore In the June quarter against a profit of Rs 75.4 crore a year ago. The developer has sold 4.2 lakh sq ft residential area and collections Its collections in residential business stood at Rs 276 crore.

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Golden crossover alert: These 8 stocks show strong investment potential

ETMarkets has identified eight stocks that exhibit a Golden Crossover pattern and have a market cap exceeding Rs 1,000 crore. J Kumar Infraprojects, Gabriel India, Bajaj Electricals, JTEKT India, Divi's Laboratories, Mahindra Lifespace Developers, Hero MotoCorp, and Tanla Platforms have all showcased potential for further growth, despite a slight dip in some cases. The Golden Crossover occurrence, where a shorter-term moving average crosses above a longer-term moving average, signals a potential bullish trend, which investors can consider for their portfolio.

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Trade Spotlight | Your strategy for eClerx Services, Mahindra Lifespace, Macrotech Developers today

Mahindra Lifespace Developers has formed long bullish candlestick pattern on the daily timeframe with robust volumes and making higher tops, higher bottoms for second straight session. The stock climbed 8.3 percent to Rs 440, the highest closing level since October 12 last year.

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Trade setup for Wednesday: Top 15 things to know before the opening bell

Based on the OI percentage, 51 stocks, including Honeywell Automation, Ramco Cements, Navin Fluorine International, AU Small Finance Bank, and Dixon Technologies saw a long unwinding.

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