India's Max Estates hits 19-month high; board to consider preferential equity issue

Max Estates

26/08/2026 06:27

** Real estate developer Max Estates MAXS.NS shares rise 3.6% to 576.1 rupees, highest since Jan 2025 
** Company's board to meet on August 28 to consider a preferential issue of equity shares
** Max Estates reported pre-sales of 11 billion Indian rupees ($115.29 million) in Q1 FY27
** All 4 brokerages covering the stock rate it "buy" or higher; median PT is 620 rupees
** YTD, MAXS up 27%  


($1 = 95.4125 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))