Nomura on Macrotech: Maintains Buy call with a target price of Rs 1600

Nomura has maintained its ‘Buy’ rating on Macrotech, setting a target price of Rs 1600, projecting a 36% upside from the current market price. The Q2 update highlights an operationally strong quarter for the company.

Nomura notes that pre-sales hit a record high, marking the best quarter ever for Macrotech, keeping the company on track to achieve its FY25 guidance. The brokerage continues to maintain a positive outlook on Macrotech.

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Current market price (CMP): Rs 1,174.80 as of 8 AM, Oct 7, 2024

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