Latest news with #MacrotechDevelopersLtd
Business Standard
2 days ago
- Business
- Business Standard
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.
Business Standard
3 days ago
- Business
- Business Standard
Oberoi Realty Ltd Spikes 1.3%
Oberoi Realty Ltd has added 12.03% over last one month compared to 11.69% gain in BSE Realty index and 0.02% drop in the SENSEX Oberoi Realty Ltd rose 1.3% today to trade at Rs 1820. The BSE Realty index is up 0.58% to quote at 7672.48. The index is up 11.69 % over last one month. Among the other constituents of the index, Prestige Estates Projects Ltd increased 1.11% and Macrotech Developers Ltd added 0.79% on the day. The BSE Realty index went up 0.44 % over last one year compared to the 12.07% surge in benchmark SENSEX. Oberoi Realty Ltd has added 12.03% over last one month compared to 11.69% gain in BSE Realty index and 0.02% drop in the SENSEX. On the BSE, 1162 shares were traded in the counter so far compared with average daily volumes of 25211 shares in the past one month. The stock hit a record high of Rs 2349.8 on 27 Dec 2024. The stock hit a 52-week low of Rs 1440.05 on 07 Apr 2025.
Business Standard
4 days ago
- Business
- Business Standard
Anant Raj Ltd Spikes 1.75%
Anant Raj Ltd has added 31% over last one month compared to 11.34% gain in BSE Realty index and 1.23% rise in the SENSEX Anant Raj Ltd rose 1.75% today to trade at Rs 589.95. The BSE Realty index is up 0.87% to quote at 7600. The index is up 11.34 % over last one month. Among the other constituents of the index, Sobha Ltd increased 1.12% and Macrotech Developers Ltd added 0.84% on the day. The BSE Realty index went down 10.04 % over last one year compared to the 6.57% surge in benchmark SENSEX. Anant Raj Ltd has added 31% over last one month compared to 11.34% gain in BSE Realty index and 1.23% rise in the SENSEX. On the BSE, 21848 shares were traded in the counter so far compared with average daily volumes of 2.46 lakh shares in the past one month. The stock hit a record high of Rs 947.25 on 08 Jan 2025. The stock hit a 52-week low of Rs 318.6 on 04 Jun 2024.
Mint
21-05-2025
- Business
- Mint
DLF's Q1 launches to set the tone for FY26 pre-sales trajectory
Realty company DLF Ltd is bracing for an action-packed June quarter (Q1FY26) after nil new launches in the March quarter (Q4FY25). DLF is confident of unveiling phase 3 of Privana North in Gurugram and phase 1 of Mumbai in Andheri, which faced a delay due to multiple approvals since it is a rehabilitation project. The super-luxury project in Goa is slated for launch in second half of FY26. All these projects are critical for DLF to meet or beat its FY26 pre-sales guidance of ₹20,000-22,000 crore. DLF exited FY25 with record pre-sales of ₹21,223 crore, up 44% year-on-year. Note that this jump was largely backed by healthy sales from uber-luxury project 'The Dahlias', launched in Q3FY25 in key Gurugram micro market. The project contributed a whopping ₹13,744 crore pre-sales in FY25, helping DLF exceed the FY25 pre-sales target. DLF has more inventory in this project, which aids realisations outlook, although sales from existing projects' inventory is not enough for an incremental pre-sales boost. DLF's pre-sales growth for FY26 is flat compared to other larger real estate firms. For instance, Macrotech Developers Ltd (Lodha) and Godrej Properties Ltd have guided for year-on-year pre-sales growth of 20% and 10% in FY26, respectively. So, a lot would depend on how DLF fares on the launch timeline and response to new projects. 'We currently factor in pre-sales of ₹22,800 crore in FY2026E that will likely be supported by new project launches (Privana, Mumbai and Goa)," said Kotak Institutional Equities report dated 20 May. DLF has a medium-term launch pipeline of ₹73,900 crore, out of which around ₹17,000 crore is planned for FY26. Also Read: DLF's second going: Can the real estate giant succeed beyond its comfort zone? Quality matters Meanwhile, the demand outlook in the National Capital Region (NCR), where DLF has a significant exposure, is robust. DLF is seeing strong housing demand for quality products, both for purchase and rental, particularly in Gurugram. Kotak's analysts note that even after launching 7.5 msf of projects in FY25 at The Dahlias and Privana West, DLF has another 20 msf (land) of development potential at the Phase V locality in Gurugram, which will likely allow the company to capitalize on the premium positioning of the Gurugram micro market. In this backdrop, DLF's business development is currently largely focused on NCR, Tri-City, Mumbai Metropolitan Region, and Goa, with limited new acquisitions expected in the near term. Even so, a comforting factor is that DLF's solid balance sheet provides ample scope for future expansion into new geographies. A steep jump in surplus cash flow generation pushed DLF's net cash position to ₹6,848 crore in FY25 from ₹1,547 crore in FY24. But stock revival depends on timely launches, mainly in the residential portfolio. In the last one year, the DLF stock has declined by 9% vis-à-vis the 6% fall in the Nifty Realty index. 'While we like DLF for robust margins/strong cash generation, we remain neutral, as our current valuation at around 20% premium to NAV prices in about 8% pre-sales CAGR over next 15 years which we believe is adequate (versus company guidance of flattish pre-sales growth in FY26)," said Nomura Global Markets Research report dated 20 May. On the commercial side, DLF's office portfolio posted an annual rental income of ₹4,754 crore, up around 10% year-on-year with occupancy of operational assets at 94%. The management said that Downtown 4 in Gurugram and Downtown 3 in Chennai have received occupancy certificates. Both are pre-leased, and fit-outs are going on, and rental income will start in three to four months. DLF eyes exit rental of ₹6,700 crore in FY26. Also Read: Realtors eye new addresses in tier-2 cities
Business Standard
15-05-2025
- Business
- Business Standard
Quick Wrap: Nifty Realty Index records a surge of 1.92%, NIFTY climbs 1.60%
Nifty Realty index ended up 1.92% at 897.95 today. The index has added 8.00% over last one month. Among the constituents, Raymond Ltd rose 4.99%, Macrotech Developers Ltd added 4.14% and Anant Raj Ltd jumped 3.09%. The Nifty Realty index has decreased 7.00% over last one year compared to the 12.89% spike in benchmark Nifty 50 index. In other indices, Nifty Auto index increased 1.92% and Nifty Metal index increased 1.74% on the day. In broad markets, the Nifty 50 increased 1.60% to close at 25062.1 while the SENSEX increased 1.48% to close at 82530.74 today.
