India's Macrotech Developers down on block deals

Lodha Developers

12/03/2024 05:44

** Shares of Macrotech Developers  MACE.NS  fall 3.7% to
1,138 rupees 
    ** Nearly 5.1 mln shares of MACE change hands in three
separate block deals at a price between 1,180-1,185 rupees
apiece vs MACE's last close of 1,180.90 rupees- LSEG
    ** Trading volume at 5.4x the 30-day moving average
    ** Avg rating of 15 analysts on MACE at "buy"; median PT is
1,086 rupees - LSEG data
    ** Stock up 11% YTD after rising ~88% in 2023
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))