Laxmi Organics Industries
Mumbai-based real estate developer Macrotech Developers, formerly known as Lodha Developers, is one the largest real estate developers in India. It has a strong sales distribution network across India as well as in NRI markets i.e., the GCC countries, the UK, Singapore, and the US.
The stock has been in an upward trajectory since the company announced plans to raise capital. Another factor driving the stock price up is a report by Business Standard, which said that Lodha Developers is looking to enter the Bengaluru market to tap huge property demand in the so-called information technology (IT) city. It may invest ₹3,000 crore for growth in Mumbai Metropolitan Region (MMR) and Pune region as it aims to increase its annual sales bookings by almost three times to ₹20,000 crore by 2025-26.
The company is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develops commercial real estate.