Nomura highlights that developers are on track for a third consecutive quarter of steady sales momentum, driven largely by sustained interest in branded residential offerings.
On the bourses, meanwhile, Lodha Developers share price was trading 0.09 per cent lower at ₹1,078.40 per share around 10:50 AM. By comparison, BSE Sensex was trading 0.21 per cent lower at 85,226.75.
Lodha Developers stock: This momentum, analysts believe, is underpinned by increasing geographic diversification, a broad-based product portfolio, & emerging value-unlocking opportunities at Palava.
In the past one month, the realty index has tanked 8 per cent, as against 2 per cent rise in the Nifty 50.
Mumbai based realty major on track to deliver full year pre-sales guidance of Rs 21,000 crore
Stocks to watch today: Oil India, KEC International, JD Cables, and Anant Raj among otherer top stocks to watch today.
Real estate stocks fell up to 5% as investors booked profits. A dip in foreign capital inflows and global headwinds also weighed on sector sentiment