Buy This Multibagger Real Estate Sector Stock For 48% Return: Motilal Oswal
Leading brokerage firm Motilal Oswal has recommended investors to buy Macrotech Developers Ltd with a target price of Rs 1530 and a potential return of 48%. The company has a market capitalisation of Rs 49,667 crore.
The stock has given multibagger returns. Check key takeaways below:
1. Macrotech Developers Stock Outlook
The last trading price of the stock is Rs 1031 apiece with an intraday gain of 1.22%. The stock's 52- week high is Rs 1538 apiece and 52- week low is Rs 814 apiece, respectively.
2. Macrotech Developers Return
The stock has given return of 121% in last 5- years. In the last 1- year, the stock has declined 27%. It has jumped 20% in last 6- months and declined 4% in last 3- months. It has gained 2% in 1- month.
3. Macrotech Developers Financial Performance
Macrotech Developers for the quarter ended September 30, 2022 declared a consolidated total income of Rs 1761 crore, up 34% from last quarter total income of Rs 2675 crore.
The company declared net profit after tax in negative at Rs 931 crore in the latest quarter.
4. Macrotech Developers About
The company operates as a real estate company. It owns and develops commercial and industrial properties. Macrotech Developers serves customers all across the globe.
Disclaimer
The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article.
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By Renu Baliyan Goodreturns source: goodreturns.in Dailyhunt