The Economic Times daily newspaper is available online now.

    Buy Macrotech Developers, target price Rs 1245: Motilal Oswal Financial Services

    Synopsis

    Macrotech Developers, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 45748.26 Crore) operating in Real Estate sector.

    BuyAgencies
    Promoters held 74.99 per cent stake in the company as of March 2023 quarter, while FIIs owned 18.98 per cent, DIIs 3.68 per cent.
    Motilal Oswal Financial Services has buy call on Macrotech Developers with a target price of Rs 1245. The current market price of Macrotech Developers is Rs 946.7.

    Macrotech Developers, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 45748.26 Crore) operating in Real Estate sector.

    Macrotech Developers key Products/Revenue Segments include Property Development, Land Development Rights, Rental Income, Other Operating Revenue and Building Materials for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 1902.44 Crore, up 8.02 % from last quarter Total Income of Rs 1761.23 Crore and down -11.46 % from last year same quarter Total Income of Rs 2148.74 Crore. Company has reported net profit after tax of Rs 405.01 Crore in latest quarter.

    The company’s top management includes Mr.Mukund Manohar Chitale, Mr.Abhishek Mangal Prabhat Lodha, Mr.Rajendra Narpatmal Lodha, Mr.Raunika Malhotra, Mr.Rajinder Pal Singh, Mr.Ashwani Kumar, Mr.Lee Polisano, Mr.Rajeev Bakshi, Ms.Harita Gupta. Company has MSKA & Associates as its auditors. As on 31-03-2023, the company has a total of 48 Crore shares outstanding.

    Promoter/FII Holdings
    Promoters held 74.99 per cent stake in the company as of March 2023 quarter, while FIIs owned 18.98 per cent, DIIs 3.68 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.
    Experience Your Economic Times Newspaper, The Digital Way!
    • Front Page
    • Pure Politics
    • Companies
    • Brands & Companies
    • More
      (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

      Download The Economic Times News App to get Daily Market Updates & Live Business News.

      ...more
      The Economic Times

      Stories you might be interested in