Macrotech Developers bounces back strongly after hitting one-year low; rallies 51% in 5 sessions

Macrotech Developers, which sells properties under the ‘Lodha’ brand, is one of the leading real estate developers in the country. The stock witnessed a sharp turnaround after reaching a 52-week low of ₹711 on February 24. Since then, it witnessed a one-way spike, surging 51%.

Macrotech Developers vs DLF: Which is a better long-term investment?

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Just in the last 1 month, Lodha has lost 18 percent while DLF is down 3 percent. On a YTD basis, both stocks have been in the red, however, Lodha has lost over 15 percent against a 2.5 percent decline in DLF. Let's find out which realty stock between DLF and Macrotech Developers (Lodha) is a better long-term investment.

Macrotech Developers up 33% from May 2022 Iow; ICICI Securities sees further 18% rise – here's why

Macrotech Developers achieved its best-ever October-December sales bookings in Q3FY23 worth Rs. 3,040 crore, driven by a combination of monetization of ready and completed inventory and new launches.

Motilal Oswal expects this realty stock to surge nearly 50% in 1 year; here's why

According to the brokerage, the Indian housing market is on the cusp of multi-year growth and the industry has the potential to grow by 3-4 times in the next decade aided by rising income levels and improving demography.

ICICI Securities is 'bullish' on this real estate stock; sees a 24% upside

In Q4FY22, the company's consolidated net profit surged 72.4% to ₹535.46 on a 36% jump in net sales to ₹3,444.56 over Q4FY21. Profit before tax (PBT) increased by 44.7 per cent in Q4 March 2022, to ₹802.30 crore, from ₹554.50 crore in Q4 March 2021.

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Macrotech Developers bounces back strongly after hitting one-year low; rallies 51% in 5 sessions

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