Lodha Developers climbs 8% after Morgan Stanley upgrade and ₹1,450 target hike
AI Market Summary
Lodha Developers surged after a strong quarterly print and a Morgan Stanley upgrade to "Overweight" with a higher target, highlighting improving profitability, strong collections, and debt reduction. The broker frames India's residential cycle as entering a cash-flow and earnings expansion phase, with added upside from data centre and digital infrastructure growth. Market impact is largely idiosyncratic to the single equity, with limited broader cross-asset spillover.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-1.15%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Shares of Lodha Developers (formerly Macrotech Developers) rose 8% on July 28 after the company reported strong first-quarter results and Morgan Stanley upgraded the stock to “Overweight.” The brokerage raised its price target to ₹1,450, implying about 28% upside from current levels. For the June quarter, the company reported presales of ₹4,630 crore, up 4% year on year. Average selling prices increased 3% from a year earlier.
