
Macrotech Developers Ltd Spurts 1.93%
Macrotech Developers Ltd has added 13.33% over last one month compared to 14.94% gain in BSE Realty index and 0.49% rise in the SENSEX
Macrotech Developers Ltd gained 1.93% today to trade at Rs 1471. The BSE Realty index is up 0.69% to quote at 7620.9. The index is up 14.94 % over last one month. Among the other constituents of the index, Anant Raj Ltd increased 1.06% and Oberoi Realty Ltd added 1.03% on the day. The BSE Realty index went down 2.65 % over last one year compared to the 8.95% surge in benchmark SENSEX.
Macrotech Developers Ltd has added 13.33% over last one month compared to 14.94% gain in BSE Realty index and 0.49% rise in the SENSEX. On the BSE, 1956 shares were traded in the counter so far compared with average daily volumes of 54811 shares in the past one month. The stock hit a record high of Rs 1648 on 18 Jun 2024. The stock hit a 52-week low of Rs 1036 on 17 Mar 2025.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


United News of India
26 minutes ago
- United News of India
RBI cuts repo rate by 50 bps to 5.50 pc
Mumbai, June 6 (UNI) The Reserve Bank of India (RBI) on Friday in its second bi-monthly monetary policy of FY26. cut the repo rate by 50 basis points (bps) to 5.50 pc from 6.00 pc earlier. This is the central bank's third consecutive repo rate cut. RBI Governor Sanjay Malhotra-led Monetary Policy led committee decided to cut the Cash Reserve Ratio (CRR) by 100 basis points (bps) to 3% from 4% earlier releasing Rs 2.5 lakh crore of lendable resources to the banking system. The MPC also decided to change the policy stance to 'Neutral' from 'Accommodative' in a bid to support economic growth. This RBI's rate cut decision is expected to stimulate borrowing and investment, leading to a higher growth rate. The policy panel retained growth estimate at 6.5 per cent but projected a lower inflation of 3.7 per cent in the current fiscal. Malhotra asserted that the global backdrop remains fragile, and trade projections have been revised downwards, but the Indian economy is progressing well despite the global uncertainties. "India's strength comes from the strong balance sheets of the five major sectors. The Indian economy offers immense opportunities to local and foreign investors. We are already growing at a fast rate. We aspire to grow faster," he said. Inflation has softened significantly, the RBI Governor said, and the near-term and medium-term outlook exudes confidence. Food inflation outlook remains soft, and core inflation is expected to remain benign. The RBI also projected that retail inflation for the current financial year would be 3.7% against its April projection of 4%. Government data shows it fell to 3.16% in April from 3.34% in March, remaining within the RBI's comfort level. The various economic indicators remain strong, with the RBI Governor pointing to a gradual rise in discretionary spending and healthy private consumption. Industrial activity is gaining gradually while the services sector is likely to maintain momentum, he said. Rural demand remains steady while urban demand is improving, he added. The RBI kept the Gross Domestic Product (GDP) growth projection unchanged at 6.5% in the current financial year. The quarterly projections are: 2.9% (April-June), 3.4% (July-September), 3.9% (October-December), and 4.4% (January-March). The Central bank also reduced the cash reserve ratio (CRR) by 100 bps and said it will release Rs 2.5 lakh crore of bank funds. CRR refers to the percentage of total deposits that banks must hold in liquid form with the RBI. India continues to be an attractive investment destination, assured Mr Malhotra, adding that the forex reserves stand at $691 billion, which is sufficient to fund more than 11 months of goods imports. UNI JS PRS


Time of India
28 minutes ago
- Time of India
Muradpur's Solar-Powered Lift Irrigation Scheme Promises Lifeline to Farmers
Nagpur: Union minister for road transport and highways Nitin Gadkari on Thursday inaugurated the Muradpur lift irrigation scheme powered by floating solar panels, calling it a 'boon for farmers' that will not only improve agriculture but also uplift rural livelihoods in the region. The scheme, implemented at the Vadgaon reservoir on the Vena River in Umred taluka, aims to provide year-round water supply to over 465 acres of farmland using solar energy. Floating solar panels installed in the Rama Dam reservoir will generate enough electricity to power the entire irrigation system, drastically cutting energy costs and enhancing sustainability. Speaking at the inauguration, Gadkari said, "Water is the most critical need for our farmers. Regular supply will not only help in agriculture but also resolve many village-level problems. This solar-powered lift irrigation scheme will enable farmers to take up two to three crops annually and increase their income." The project is particularly significant for the local population, 53% of whom belong to tribal communities. Gadkari noted the region's social, educational, and economic backwardness, stating that the govt is working with the spirit of Pandit Deendayal Upadhyay's Antyodaya philosophy to uplift the last person in society. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The event was attended by MP Shyamkumar Barve, MLA Sanjay Meshram, former MLA Sudhir Parwe, local Sarpanch Durga Alam, Deputy Sarpanch Gajanan Gadge, and other dignitaries. Highlighting the scheme's technical details, officials explained that water from the Vadgaon dam is lifted using pumps and transported through MS pipelines to two delivery chambers. From there, 20 HP pumps distribute water to farmlands through drip irrigation. Floating solar panels with a 270 KVA capacity are expected to generate 1,080 units of electricity daily, sufficient to operate all project-related electrical systems without cost. Gadkari urged farmers to form Farmer Producer Companies (FPCs) to maximise the benefits of the scheme. "With modern practices like drone-based spraying and shared machinery, farmers can save Rs 5,000–Rs 6,000 per acre. Technology will boost both yield and profitability," he said. He also announced plans to build a 'Smart Village' nearby, spread over 10 acres with an investment of Rs 100 crore. The project will include 1,000 homes (450 sqft each), concrete roads, and assured lifelong water and electricity, along with a playground and garden. "Around 400 people have already registered for homes," he informed. With sustainable energy, efficient water management, and community-focused development, the Muradpur lift irrigation scheme is expected to set a benchmark in rural transformation through green technology. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !


Time of India
43 minutes ago
- Time of India
Navy set to induct 1st of 16 desi shallow water craft on June 18
NEW DELHI: The Navy is now set to commission the first of the 16 specialised small warships, designed for anti-submarine warfare and low-intensity maritime operations along the coast, being built at Indian shipyards at an overall cost of Rs 12,622 crore. The first anti-submarine warfare shallow water craft, built by Kolkata-based defence shipyard Garden Reach Shipbuilders & Engineers (GRSE) in collaboration with L&T Shipbuilders, will be commissioned as INS Arnala at Visakhapatnam in the presence of chief of defence staff General Anil Chauhan on June 18. The 77-metre-long craft, with a displacement of 1,490 tonne and equipped with state-of-the-art underwater sensors, is the largest Indian warship till now to be propelled by a diesel engine-waterjet combination. "The warship incorporates over 80% indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited, L&T and Mahindra Defence," an officer said. GRSE and Cochin Shipyard are each building eight of these warships under twin Rs 6,311 crore contracts inked with them in April 2019. All the warships are supposed to be delivered by 2028. Named after the historic Arnala Fort off Vasai in Maharashtra, the first of these 16 warships reflects India's rich maritime heritage.