India's Lodha Developers gains; analysts cite robust growth outlook on strong Q2

Lodha Developers

03/11/2025 07:03

** Real estate firm Lodha Developers LODH.NS rises 2.5% to 1,228.80 rupees, highest since September 22

** Nomura ("Buy"; PT: 1,450 rupees) says co has robust business model, with deep penetration across micro markets; allows pre-sales to consistently deliver CAGR of 20%

** Morgan Stanley ("Equal Weight"; PT: 1,400 rupees) says co unique in developer space to guide for 20% growth in top line; benefitting from very large land bank in Palava

** Co's Q2 consol net profit soars ~87% y/y; rev from ops up 44.67% y/y

** Stock rated "buy" on average; median PT is 1,483.50 rupees, per data compiled by LSEG

** YTD, LODH falls 11.5%

 (Reporting by Mridula Kumar)

 ((Mridula.kumar@thomsonreuters.com))