3 days ago
Nomura Keeps Their Buy Rating on Macrotech Developers Ltd. (LODHA)
In a report released today, Akash Gupta CFA from Nomura maintained a Buy rating on Macrotech Developers Ltd. (LODHA – Research Report), with a price target of INR1,429.00. The company's shares closed last Friday at INR1,422.20.
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Gupta CFA covers the Real Estate sector, focusing on stocks such as DLF Limited, Oberoi Realty Limited, and Anant Raj Ltd.. According to TipRanks, Gupta CFA has an average return of 12.4% and an 83.33% success rate on recommended stocks.
Currently, the analyst consensus on Macrotech Developers Ltd. is a Strong Buy with an average price target of INR1,425.67, implying a 0.24% upside from current levels. In a report released on June 26, Motilal Oswal also maintained a Buy rating on the stock with a INR1,870.00 price target.
Based on Macrotech Developers Ltd.'s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR42.24 billion and a net profit of INR9.22 billion. In comparison, last year the company earned a revenue of INR40.19 billion and had a net profit of INR6.66 billion
