India's Macrotech Developers leads losses in realty stocks

Lodha Developers

08/06/2023 07:07

** Shares of Macrotech Developers  MACE.NS  fall as much as
2.52% to 578.75 rupees
    ** Stock top loser in realty index  .NIFTYREAL , which is
down 0.6%
    ** About 762,159 shares of the real estate firm change hands
in a block, at a price of 581.60 rupees apiece, according to
Refinitiv data
    ** Trading volume is 1.33 mln shares as of 11:28 a.m. IST,
0.7x the 30-day avg
    ** Of the 15 analysts tracking MACE, 12 maintain "buy" and
three suggest "hold"; median PT is 625 rupees
    ** Stock had risen over 6.5% in the last two sessions, still
in overbought zone with relative strength index at 72 despite
today's slide 
    

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