Real Estate Stock To Consider & Approve Dividend, Bonus Issue, Should You Buy?

Large cap stock operating in real estate sector, Macrotech Developers Ltd is planning to announce bonus share and dividend on April 22, 2023. Board of directors of Macrotech Developers have scheduled a meeting on April 22, 2023 to consider and approve bonus share, dividend, and audited financial results of the company for the quarter ended March 31, 2023.

The stock gave 106% return in last 2-years. Motilal Oswal has assigned buy call with target price of Rs 1250 per share & potential return of 31%. Check details below:

Macrotech Developers To Consider & Approve Issue Bonus Share Dividend: Macrotech Developers Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/04/2023 ,inter alia, to consider and approve the following:

i. Audited Financial Results of the Company for the quarter and year ended March 31, 2023;

ii. Recommend dividend, if any, on the equity shares of the Company;

iii. Consider issue of fully-paid bonus equity shares to the members of the Company.

Macrotech Developers Ltd Stock Performance & Return: The current market price of Macrotech is Rs 955.00 per share on BSE. Its 52-week high price is quoted at Rs 1191.00 per share and 52-week low price is quoted at Rs 711.00 per share, respectively. The company has a market capitalisation of Rs 46,010.84 crore. In last 1-year, the stock tumbled 8% and gave a return of 106% in last 2-year. It jumped 7% in last 1-month.

Macrotech Developers Ltd Valuation: According to Motilal Oswal, "Management has laid out a clear growth strategy with an aim to capture market share in micro-markets with a niche presence. We maintain BUY with a SOTP based TP of 1,250."

Macrotech Developers Ltd About: Macrotech Developers Ltd operates as a real estate company. It owns and develops commercial and industrial properties. Macrotech Developers was incorporated in 1955.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.