Page 11 - Macrotech Developers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ICICI Securities recommended hold rating on Macrotech Developers with a target price of Rs 1109 in its research report dated April 07, 2024.

Realty firm Prestige Estates Projects Ltd achieved a record-high sales bookings of Rs 21,040 crore in FY24, marking a 63% increase from the previous year. The company saw strong demand for residential properties, with sales bookings exceeding Rs 10,000 crore for DLF, Godrej Properties, Macrotech Developers, and Prestige. Prestige Group aims to become the largest real estate developer in India by sales bookings.

Macrotech Developers' net debt stood at Rs 3,010 crore as of March 31, 2024, down 55 per cent from the previous quarter, according to a regulatory filing.

Get latest articles and stories on Latest News at LatestLY. Realty firm Macrotech Developers Ltd on Friday reported a 40 per cent annual growth in its sales bookings to Rs 4,230 crore in the fourth quarter of last fiscal driven by strong housing demand. Latest News | Macrotech Developers Q4 Sales Bookings Up 40pc to Rs 4,230 Cr; FY24 Pre-sales Rise 20pc.

Macrotech Developers shares are up 8.3 per cent in 2024 so far. The stock has delivered a solid 153 per cent return in the past one year.