Business Standard

Sunday, December 22, 2024 | 10:53 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Macrotech Developers rallies 6%, hits new high on growth prospects

The company plans to nearly double its pre-sales to Rs 14,000 crore by financial year 2023-24 (FY24) and further grow to Rs 20,000 crore by FY26

Lodha, Oberoi, Wadhwa clock record home sales
Premium

SI Reporter Mumbai
Shares of Macrotech Developers (Lodha) rallied 6 per cent to Rs 1,516, hitting a new high on the BSE in Tuesday’s intra-day trade, on strong growth plans.

The stock of the real estate developer has surpassed its previous high of Rs 1,461.75, touched on November 17, 2021. In the past one month, it has zoomed 44 per cent as compared to a 2-per cent decline in the S&P BSE Sensex.

Macrotech Developers plans to nearly double its pre-sales to Rs 14,000 crore by financial year 2023-24 (FY24) and further grow to Rs 20,000 crore by FY26. Lodha intends

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in