![Lodha - Lodha](http://media.assettype.com/vikatan%2F2024-01%2Ff4f880ad-01e6-4dc9-8671-fa6240737ce4%2FWeb_capture_12_1_2024_154325_images_livemint_com.jpeg?rect=0%2C0%2C1174%2C660&w=480&auto=format%2Ccompress&fit=max)
In 2023, real estate stocks defied high interest rates, yielding impressive returns. The Nifty Realty index surged by 81.35%, and in 2024, it continued its ascent, rising over 12% by January 12.
Anticipating an RBI interest rate cut, investors embraced real estate stocks. International brokerage firm Jeffreys recommended purchasing Lodha shares, listed as Macrotech Developers, citing a favorable market for property sales.
Macrotech Developers, owning 4,300 acres around Mumbai, stands to benefit from soaring land prices, doubling in the last three years. The Mumbai Trans Harbour link opening further enhances its prospects.
Jeffreys set a target price of Rs 1,290 per share for Macrotech Developers, foreseeing long-term growth. On January 12, the stock surged over 8%.
Macrotech Developers reported a robust performance in the December quarter, with pre-sales surging by 12% to Rs 3,410 crore. Collections amounted to Rs 2,590 crore, reflecting strong financial health.
Introducing new projects covering 20 lakh square feet, Macrotech Developers values the total project at around Rs 6,000 crore. The company remains committed to sustained growth and development.
Data in this section is not a buy/sell recommendation but only a compilation of information on various technical/volume-based parameters
Analyst certifies that all of the views, if any, expressed in this report reflect his personal views about the subject company or companies and its or their securities, and no part of his compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. Analyst affirms that there exists no conflict of interest that can bias his views in this report. The Analyst does not hold any share(s) in the company/ies discussed.
General Disclaimer and Terms & Conditions of the research report
INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS. READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. For a detailed disclaimer and disclosure please visit https://www.vikatan.com/business/share-market/113898-disclaimer-disclosures. Before making an investment/trading decision on the basis of this data you need to consider, with the assistance of a qualified adviser, whether the investment/trading is appropriate in light of your particular investment/trading needs, objectives and financial circumstances.
One year Price history of the daily closing price of the securities covered in this section is available at https://www.nseindia.com/report-detail/eq_security (Choose the respective symbol) /name of company/time duration)
Before investing, you have to take an investment decision in consultation with a SEBI-registered investment advisor. It is profitable to wait for the right opportunities and buy in smaller numbers when those opportunities are available.