After the company announced excellent growth on all main metrics in the third quarter of the current financial year, investors hurried to book profits, causing shares of Macrotech Developers, which operates under the Lodha brand name, to fall more than 2 percent in the opening trading on January 29.
almost the last three months, the stock has increased by almost 40%, allowing investors additional flexibility to take home partial profits.
Macrotech Developers was trading on the National Stock Exchange at Rs 1,039.60 at 9:37 a.m.
The December quarter net profit for the real estate developer increased by 24.4 percent year over year to Rs 503.3 crore. In Q3, revenue shot up 65.2% to Rs 2,930.6 crore.
