Synopsis
With its concentration in the most lucrative of real-estate markets in India huge inventory pile and diversity across categories Macrotech has everything that could make it a major beneficiary if the real-estate boom continues. But if the sector crumbles under the pandemic and macro-economic pressure, the stock may become a riskier bet.
Two roads diverged in a yellow wood, And I took the one that went through the rebranded neighbourhood of Upper Worli, Upper Thane and new Cuffe Parade.The ‘I’ in the above reworked phrase taken from Robert Frost’s famous poem refers to Mumbai-based realty developer Macrotech Developers. Formerly known as the Lodha Group, the company has been a pioneer at rebranding the Maximum City’s not-so-desirable PIN codes.Prior to changing its own name, it
Metals to continue to shine going forward: Rahul Shah
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Last Updated: Apr 04, 2021, 12:14 PM IST
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ETMarkets.com There would be sector rotation but one should stay invested as of now, says
We have the RBI s policy review up ahead, and the IPO of Macrotech Developers on investors radar. Where do you think
could the market be potentially headed?
We have seen one clear trend in the market that has been sector rotation. So we have seen the metals shining for quite some time. Banks have been showing some interest in the last two sessions. So my sense is that metals will continue to do well going forward. There could be a lot of action in bank stocks, which have taken a beating for the last few sessions. I think the Bank Nifty is down around 10 per cent from the recent highs. And, as you rightly pointed out, we will see the listing of Lodha (Macrotech). I think the real estate space will see some more traction, also with the registration rates jumping in Maharashtra,