Tag: macrotech

The Indian benchmark indices started in the negative territory today(16th Nov.2021) amid selling in metals and financial counters. The BSE Sensex index declined 134 points, or 0.22 percent, in early deals at 60,585 levels, dragged by Tata Steel, HDFC, Reliance Industries, Axis Bank, Kotak Bank, and Asian Paints. The NSE Nifty50, too, dipped 32 points to quote at 18,077-mark. Meanwhile, the broader MidCap and SmallCap indices on the BSE rose up to 0.2 percent. Among individual stocks, Escorts rose 0.23 percent after the company said its board is scheduled to meet on November 18, to consider and evaluate proposals for raising funds by way of issue of bonds/ debentures/ any other securities. Read more

Shares of Macrotech Developers, the recently listed real estate company, surged 10 percent to Rs 754 on the BSE in the intra-day trade on Friday, having rallied 14 percent in two days, after the company reported an 88 percent rise in its sales bookings at Rs 957 crore for the quarter ended June on strong demand despite the second wave of COVID-19 pandemic. The company's sales bookings and collections from customers stood at Rs 509 crore and Rs 384 crore, respectively, in the year-ago period. However, pre-sales were down by 62 percent from Rs 2,531 crore in the March 2021 quarter. "While April and May had very limited pre-sales on account of the second Covid wave in India, June saw pre-sales of Rs 654 crore. This pick-up in June is despite some continuing Covid related restrictions in our operating markets," the management said. It added that subject to no further Covid related disruptions, the company is on track to meet its pre-sales guidance. Read more