Macrotech Developers Ltd. News and Updates

Name: Latest research reports of Macrotech Developers Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Macrotech Developers Ltd.
Rating: 3
Author: ICICI Securities Limited

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Macrotech Developers Ltd.

30 Oct 2023

1329.30

-0.91%

On track to achieve FY24 sales booking guidance

Hold: Macrotech Developers Ltd.

ICICI Securities Limited

Macrotech Developers (LODHA) achieved strong Q2FY24 sales bookings of INR35.3bn (up 12% YoY) – which is its best-ever Q2 (Jul-Sep) performance – in spite of new locations seeing launches during the quarter. With H1FY24 sales bookings of INR69bn, the company has already achieved 48% of its FY24 sales booking guidance of INR145bn (I-sec estimate of INR134bn).

Macrotech Developers.. has an average target of 1521.67 from 3 brokers.

Macrotech Developers Ltd.

28 Oct 2023

1329.30

-0.91%

Macrotech Developers posts Rs 202.8 crore profit in Q2

Moneycontrol

Total income declined marginally to Rs 1,755.1 crore in the July-September period of the 2023-24 fiscal from Rs 1,761.2 crore in the corresponding period of the previous year

Macrotech Developers.. has an average target of 1521.67 from 3 brokers.

Macrotech Developers Ltd.

18 Sep 2023

1329.30

-0.91%

MahaRERA suspends registration of 388 real estate projects for failing to place details online

Moneycontrol

Of the suspended projects, 20 were in Mumbai city limits and three belonged to Macrotech Developers.

Macrotech Developers Ltd. is trading above all available SMAs

Macrotech Developers Ltd.

14 Sep 2023

1329.30

-0.91%

Macrotech Developers gains on high-volume trade, Jefferies recommends buy'

Moneycontrol

Jefferies has recommended a buy' on the company's stock with the target price set at Rs 860 per share.

Motilal Oswal increased Buy price target of Macrotech Developers Ltd. to 1625.0 on 27 Apr, 2025.

Macrotech Developers Ltd.

01 Aug 2023

1329.30

-0.91%

Buy Macrotech Developers; target of Rs 850 : Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on Macrotech Developers recommended buy rating on the stock with a target price of Rs 850 in its research report dated July 30, 2023.

Number of FII/FPI investors decreased from 917 to 900 in Mar 2025 qtr

Macrotech Developers Ltd.

30 Jul 2023

1329.30

-0.91%

Macrotech Developers invests 1,000 crore on construction in April-June

Business Line

Macrotech Developers plans to launch 22 new projects by March next year across Mumbai, Pune and Bengaluru.

Macrotech Developers Ltd. is trading above all available SMAs

Macrotech Developers Ltd.

30 Jul 2023

1329.30

-0.91%

Steady operational quarter; on track to achieve FY24 guidance

Buy: Macrotech Developers Ltd.

Target

Motilal Oswal

Macrotech Developers Ltd. is trading above all available SMAs

Macrotech Developers Ltd.

30 Jul 2023

1329.30

-0.91%

Strong start to FY24, healthy launch pipeline to drive sales momentum

Hold: Macrotech Developers Ltd.

ICICI Securities Limited

Macrotech Developers (LODHA) achieved strong Q1FY24 sales bookings of INR33.5bn (up 17% YoY) driven by the micro-markets of South/Central Mumbai (INR11.6bn) and extended Eastern suburbs (INR6.1bn). The company has balance launches of 9.4msf in FY24E having GDV of INR125.6bn which should enable the company to sustain sales momentum going ahead.

Motilal Oswal increased Buy price target of Macrotech Developers Ltd. to 1625.0 on 27 Apr, 2025.

Macrotech Developers Ltd.

28 Jul 2023

1329.30

-0.91%

Buy Macrotech Developers; target of Rs 850: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on Macrotech Developers recommended buy rating on the stock with a target price of Rs 850 in its research report dated July 25, 2023.