Business

Faster debt reduction, strong sales bode well for Macrotech stock

By Dan Neff

The company added six new projects in the December quarter including a Joint Development Agreement in Mumbai with an expected gross sales value of ₹10,000 crore over the next few years.

Synopsis

The initial data of Macrotech Developers, one of Mumbai’s leading real estate companies, for the December quarter has been encouraging. The company, which operates under the brand Lodha, showed 5-10% higher momentum in its Mumbai and London businesses than the analyst estimates.

ET Intelligence Group: The initial data of Macrotech Developers, one of Mumbai’s leading real estate companies, for the December quarter has been encouraging. The company, which operates under the brand Lodha, showed 5-10% higher momentum in its Mumbai and London businesses than the analyst estimates. It has also been able to bring its debt down faster than anticipated following the recent qualified institutional placement (QIP).

Pre-sales or

BY

ET Bureau

2 mins read, Last Updated:

  • GIFT ARTICLE
  • FONT SIZE

    AbcSmall

    AbcMedium

    AbcLarge

  • SAVE
  • PRINT
  • COMMENT

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Already a Member?

Great New Year Sale

GET FLAT 30% OFF

On ET Prime & stay ahead of the rest in 2022

Get Offer

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.

Dan Neff