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Buy Macrotech Developers, target price Rs 1415: Motilal Oswal

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April 26, 2024
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Buy Macrotech Developers, target price Rs 1415:  Motilal Oswal
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Motilal Oswal has buy call on Macrotech Developers Ltd. with a target price of Rs 1415. The current market price of Macrotech Developers is Rs 1199.55.

Macrotech Developers Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 124477.35 Crore) operating in Real Estate sector.

Macrotech Developers Ltd. key Products/Revenue Segments include Property Development, Land Development Rights, Other Operating Revenue, Rental Income and Building Materials for the year ending 31-Mar-2023.

Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 4083.90 Crore, up 38.03 % from last quarter Total Income of Rs 2958.70 Crore and up 24.82 % from last year same quarter Total Income of Rs 3271.71 Crore. Company reported net profit after tax of Rs 667.70 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 72.16 per cent stake in the company as of 31-Mar-2024, while FIIs owned 23.79 per cent, DIIs 3.3 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Tags: BuydevelopersMacrotechmacrotech developersMacrotech Developers stocksmarket newsMarketsMotilalNiftyOswalpricesensextarget
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