The company's revenue from operations in the quarter stood at ₹176.11 crore, up 43.5 per cent Y-o-Y. Its total expenses stood at ₹126.58 crore, up almost 120 per cent Y-o-Y
Sri Lotus Developers share price jumped after domestic brokerage Motilal Oswal initiated coverage on the stock with a 'Buy' rating, with a target of ₹250 per share, which reflects an upside of 35%.
Sri Lotus Developers stock was trading 4.2 per cent lower at ₹180.5 per share compared to the previous session's close of ₹188.47 on the NSE
August Listings: NSDL, Aditya Infotech, Sri Lotus, M&B Engineering, Shanti Gold, Laxmi India rally up to 81% from issue price in spite of a broader market fall this month.
Sri Lotus Developers shares opened at ₹178 on the NSE, reflecting a premium of 18.6 per cent over the issue price of ₹150