Kotak Securities upgraded Macrotech Developers to 'buy' from 'add' with a target price of Rs 1,340 apiece.
(Source: Macrotech Developers Ltd. website)
Shares of Macrotech Developers Ltd. saw a momentum switch to the upside — following a 26% decline from a recent peak — at their key support level, while Kotak Securities upgraded the stock to 'buy'. Excluding today's session, the scrip has fallen in 11 out of the 12 trading days this year, a plunge of nearly 20%. Shares of the real estate company have fallen over 30% since hitting an all-time high in July last year. The over 5% surge...