Buy Macrotech Developers; target of Rs 1348: ICICI Securities
ICICI Securities is bullish on Macrotech Developers has recommended buy rating on the stock with a target price of Rs 1348 in its research report dated October 07, 2022.07-10-2022
07-10-2022
Macrotech Developers' sales bookings up 57% to Rs 3,148 crore in Q2
Realty firm Macrotech on Thursday reported a 57 per cent increase in its sales bookings during the July-September quarter to Rs 3,148 crore on strong housing demand. Macrotech Developers, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country. Its sales bookings stood at Rs 2,003 crore in the year-ago period. "Lodha achieved its best ever Q2 pre-sales performance of Rs 3,148 crore, showing a growth of 57 per cent on a YoY (year-on-year) basis," the company said in a regulatory filing. The company's sales bookings have reached Rs 6,004 crore, which is 52 per cent of its guidance of Rs 11,500 crore for the full 2022-23 fiscal. On operational performance, Abhishek Lodha, MD and CEO of Macrotech Developers said, "Despite this being the seasonally weakest quarter, it is the 2nd time in the last 3 quarters when we have surpassed Rs 3,000 crore of pre-sales, suggesting a strong underlying housing demand, the attraction of Lodha Brand amon06-10-2022
Macrotech Developers Ltd - 543287 - Closure of Trading Window
As per the Company's Code of Conduct for Regulating, Monitoring & Reporting of Trading, the Trading Window will be closed for trading in the Company's equity shares from October 1, 2022 till the expiry of 48 hours after the financial results of the Company for the quarter and half year ended September 30, 2022 are made public.30-09-2022
Macrotech Developers Ltd - 543287 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to the above referred, please find enclosed the copies of the advertisement with respect to the Postal Ballot Notice as published in the following newspapers: (i) Business Standard (English-All editions); and (ii) Navshakti (Marathi-Mumbai edition)23-09-2022
Macrotech Developers Ltd - 543287 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Postal Ballot Notice of Macrotech Developers Limited ('the Company') Ref.: 1. Regulation 30 of the Securities and Exchange Board of India (Listing obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) 2. Our Intimation dated September 20, 202222-09-2022
Macrotech Developers Ltd - 543287 - Announcement under Regulation 30 (LODR)-Change in Directorate
The Board of Directors (on the recommendation of Nomination and Remuneration Committee), has approved the appointment of Ms Harita Gupta (DIN 01719806) as an Additional Director (Non-Executive, Independent) today, i.e. on September 20, 2022 and recommended her appointment as an Independent Director to the shareholders for a first term of five years from September 20, 2022 till September 19, 2027.20-09-2022
Macrotech Developers Ltd - 543287 - Complete Redemption And Cancellation Of US$ 225,000,000, 14% Senior Secured Notes Due 2023 ('Notes') By Lodha Developers International Limited, Mauritius, Wholly Owned Subsidiary Of The Company
In continuation of our letter dated September 1, 2022, we wish to inform you that our wholly-owned subsidiary, Lodha Developers International Limited, Mauritius has given an enclosed notice to Singapore Stock Exchange regarding confirmation of redemption of remaining Notes of principal amount of US$ 55,000,000 as per the terms of the Indenture. Hence, the entire outstanding Notes are now redeemed in full.14-09-2022
Macrotech Developers Ltd - 543287 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Schedule of Analysts/Institutional Investors call is enclosed.09-09-2022
Macrotech Developers Ltd - 543287 - Full Redemption Of Outstanding US$ 55,000,000, 14% Senior Secured Notes Due 2023 By Lodha Developers International Limited, Mauritius, Wholly Owned Subsidiary Of The Company
Lodha Developers International Limited, Mauritius, a wholly-owned subsidiary, has given a notice to the Note holders, the Trustee and Singapore Stock Exchange of its US$ 225,000,000, 14% Senior Secured Notes due 2023 (the 'Notes') for full and early redemption of outstanding principal amount of US$ 55,000,000 of the Notes on September 12, 202201-09-2022