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Macrotech Developers shares are up 56.35 per cent in the last six months and 103.97 per cent for the last one-year period. Lodha said its pre-sales at Rs 3,410 crore was its best ever December quarter performance.
Macrotech Developers is on track to meet their full-year pre-sales guidance of Rs 14,500 crore, despite reporting a drop in pre-sales on a sequential basis.
Shares of Bengaluru-based Sobha jumped 15.82% to an all-time high closing of Rs 1,296.60 after brokerage Motilal Oswal Financial set a price target of Rs 1,400 on the stock while rating it as one of the top picks for 2024.
Realty developer Lodha, also known as Macrotech Developers, has reported its highest-ever third-quarter pre-sales of Rs 3,410 crores and collections of Rs 2,594 crores for the quarter ending December. The company added three new projects during the quarter, with a total gross development value potential of Rs 6,000 crores, bringing the project addition for the first three quarters of 2023-24 to Rs 20,300 crores.
Lodha, the realty developer listed as Macrotech Developers , has finalized agreements for the acquisition of a...