Don’t miss the action in this stock that is likely to announce bonus shares and dividend!

The net sales zoomed 69.44 per cent and net profit zoomed 2,419 per cent in FY22 over FY21.

Macrotech Developers Ltd also known as Lodha announced that a meeting of the Board of Directors of the company will be held on Saturday, April 22, 2023 inter-alia to discuss and approve the following businesses:  

1) To consider and approve the audited standalone and consolidated financial results of the company for the quarter and year ended March 31, 2023 

2) Recommendation of dividend, if any, on the equity shares of the company for the financial year ending March 31, 2023. 

3) To consider the issue of fully-paid bonus equity shares to the members of the company. 

Macrotech Developers Ltd is primarily engaged in the business of real estate development. It is among the largest real estate developers in India with a presence in MMR (Mumbai Metropolitan Region) and Pune markets. Today, shares of the company saw a spurt in volume by more than 1.17 times on BSE.

Macrotech Developers is a Large-Cap company having a market cap of over Rs 45,000 crore. The company have performed fantastic numbers in the Quarterly Results and annual results. In Q3FY23, net profit rose by 41.61 per cent over Q3FY22. The net sales zoomed 69.44 per cent and net profit zoomed 2,419 per cent in FY22 over FY21. 

Today, shares of Macrotech Developers zoomed 4.07 per cent to Rs 952.15 per share from its previous closing of Rs 914.95 per share. The stock has a 52-week high of Rs 1,191 and a 52-week low of Rs 711. 

Investors should keep a close eye on this realty stock on their watchlist.