Macrotech Developers Ltd, a leading real estate firm and part of the BSE 200, has received a BUY rating from Nomura, with a target price of Rs 1600.
Nomura highlights strong earnings visibility and effective capital allocation, predicting a 20% CAGR in pre-sales over FY25-26. As of September 16, Macrotech’s share price stands at Rs 1251.95, up 1% on the day. Despite recent declines, the stock has gained 17.32% YTD and 55.22% over the past year. The company also paid a Rs 2.25 dividend in August.