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. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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By Renu Baliyan Goodreturns source: goodreturns.in Dailyhunt View more