{
Mahindra Lifespace Developers Limited

Companies

}
001122334455554433221100
001122334455554433221100

goldman sachs reduces stake in mahindra lifespace developers amid stock decline

Goldman Sachs has sold over 8.45 lakh shares of Mahindra Lifespace Developers for approximately Rs 28 crore, reducing its stake to 1.48%. Despite a 109% year-on-year revenue increase to Rs 185.8 crore, the stock has plummeted by 40% over the past year, closing at Rs 327.30. The company reported a consolidated loss of Rs 22.5 crore for the December quarter, contrasting with a profit of Rs 50 crore a year earlier.
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Indian Rupee The Goldman Sachs Group, Inc. Mahindra Lifespace Developers Limited IND Goldman Sachs
Finance & Economy, Market Report
17:43 19.03.2025

Maharashtra election win boosts real estate stocks and Nifty Realty index

BJP's decisive victory in Maharashtra has sparked a surge in real estate stocks, with the Nifty Realty index rising over 3%. Key players like Godrej Properties, DLF, and Prestige Estates saw gains of 1-7%, driven by optimism for renewed infrastructure focus in the state after years of political instability. Analysts believe this consolidation in governance will enhance sentiment and accelerate stalled development projects.
Moneycontrol
DLF Prestige Estates Projects Limited Godrej Properties Limited Brigade Enterprises Limited The Phoenix Mills Limited Macrotech Developers Limited Raymond Oberoi Realty Limited Man Infra Mahindra Lifespace Developers Limited IND Show more
Finance & Economy, Market Report
07:59 25.11.2024
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