Macrotech Developers shares jumped more than 4% in morning trade after brokerage house Nomura initiated a Buy call.
Nomura has initiated coverage of Macrotech Developers, with a “buy” rating and a target price of Rs 1,600. Macrotech Developers has been covered by Nomura, which has a “buy” rating and a target price of Rs 1,600. The company highlighted how its organized capital-allocation strategies support its strong earnings visibility. Nomura anticipates Macrotech’s pre-sales to increase at a 20% CAGR in FY25-26F.
Macrotech Developers’s stock opened today at ₹1,275.00, reaching a high of ₹1,297.50 and a low of ₹1,248.90.
As of 9:52 am, Macrotech Developers shares were trading 4.88% higher at Rs 1,290.25 on the NSE.
