India's Macrotech Developers leads gains in realty stocks on block deals

Lodha Developers

24/07/2023 08:12

** Shares of real estate firm Macrotech Developers  MACE.NS 
rise 3.90% to 733.70 rupees 
    ** Stock is the top gainer in realty index  .NIFTYREAL 
which is up 0.6% in a weak market
    ** About 589,067 shares of MACE change hands in two blocks,
at a price range between 720 rupees and 727.95 rupees, as of
12:31 p.m. IST
    ** Trading volume is 1.61 mln shares as of 12:31 p.m. IST,
1.1x the 30-day avg - Refinitiv data
    ** Of the 15 analysts tracking MACE, nine maintain "strong
buy", three suggest "buy" and three recommend "hold"; median TP
is 631 rupees 
    ** MACE up 33.74% so far in 2023 compared to 25% rise in
realty index  .NIFTYREAL  

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))