India's Sri Lotus Developers gains after Motilal Oswal starts coverage with 'buy'

Sri Lotus Developers and Realty

24/09/2025 05:50

** Shares of real estate developer Sri Lotus Developers and Realty SILU.NS rise 4.5% to 193.75 rupees

** Brokerage Motilal Oswal initiates coverage on SILU with "buy" rating and price target of 250 rupees, a ~35% premium to Tuesday's closing price

** SILU has four completed and five ongoing residential projects, eight upcoming residential projects, and is developing three commercial assets - note

** Brokerage sees SILU's presales to post 129% compound annual growth rate over FY25-FY28, guided by its strong project pipeline

** SILU's return on equity and return on capital employed are expected to remain above 26% by FY28 - Motilal Oswal

** Trading vols nearly 5 mln shares so far, 1.7x the 30-day average

** SILU up ~9% from trading debut on August 6

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))