Macrotech Developers surges 14% in 2 days post June quarter business update

While April and May had very limited pre-sales on account of the second Covid wave in India, June saw pre-sales of Rs 654 crore

Shares of Macrotech Developers, the recently listed real estate company, surged 10 per cent to Rs 754 on the BSE in the intra-day trade on Friday, having rallied 14 per cent in two days, after the company released operational performance for the quarter ended June 2021 (Q1FY22).

The stock was trading at its highest level since its listing on April 19, 2021. Besides, with the past two days' rally, Macrotech Developers is now up 55 per cent against its issue price of Rs 486 per share. At 01:50 pm, it was trading 7 per cent higher at Rs 734 as