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Macrotech Developers: More than promising

Recent correction in the stock provides good opportunity as valuation turns attractive

April 29, 2022 / 11:49 AM IST
Macrotech Developers: More than promising

Representative image.

Post COVID, a strong recovery in the real-estate market has helped companies like Macrotech Developers (Lodha) to leverage its capabilities, given the strong presence in the high-growth markets and huge unsold inventory it was carrying. Fiscal 2022 had come as a blessing, with the company reporting one of its best performances. Result analysis During the quarter that ended in March 2022, the company reported a strong 36 percent year-on-year (YoY) growth in revenue. During the quarter, the company booked pre-sales of close...

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