Macrotech Developers Limited witnessed a 2.78% increase in its share price today, closing at Rs 1,288.00. The rise in share price boosted the company’s market capitalization by approximately Rs 3,470 crore, taking it to Rs 1,28,381.58 crore.
Key Highlights of the Day:
- Opening Price: Rs 1,254.45
- Day’s High: Rs 1,300.35
- Day’s Low: Rs 1,246.00
- Traded Volume: 9.29 lakh shares
- Traded Value: Rs 119.04 crore
The upward movement follows Macrotech’s announcement of acquiring a 100% stake in Janus Logistics and Industrial Parks (JLIPPL) for Rs 47.94 crore. JLIPPL, which focuses on developing warehousing and logistics assets, has not reported any business operations in the past three years. This acquisition aligns with Macrotech’s strategic vision of expanding its digital infrastructure portfolio under the Lodha Industrial and Logistics Park (LILP) brand.
The deal involved purchasing JLIPPL’s equity from Phoenix Logistics and Industrial Parks, positioning Macrotech to strengthen its foothold in the logistics and warehousing sector.
Sector Context:
Macrotech Developers continues to make strides in the residential and commercial real estate sector, leveraging strategic acquisitions to diversify its portfolio and capitalize on high-growth opportunities.
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