India's Macrotech Developers rises most in 1-1/2 years on block deals

Lodha Developers

04/07/2023 08:01

** Shares of Macrotech Developers  MACE.NS  rise as much as
4.6% to 722.5 rupees, highest since Dec. 10, 2021
    ** More than 1.7 mln shares change hands in two block deals
between 703 rupees and 718 rupees a share
    ** MACE trading above its 50-, 100-, and 200-day simple
moving averages, indicating bullish sentiment
    ** If trend holds, co on track for fifth consecutive session
of gains
    ** More than 2.6 mln shares change hands by 12:20 p.m. IST
vs 1.4x 30-day avg of 1.8 mln shares
    ** Avg rating of 15 brokerages equivalent of 'buy;' median
PT is 631 rupees - Refinitiv data
    ** Stock up 26.7% YTD up to last close


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))