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.
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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experts before taking any investment decision.
By Renu Baliyan Goodreturns