&w=3840&q=100)
Lodha Developers share price rises 4% post Q1; is it right time to buy?
Why were Lodha Developers shares buzzing in trade?
Lodha Developers, formerly known as Macrotech Developers Limited, stock gained momentum after the earnings call held on Monday, after market hours. This call was to discuss the Q1 earnings released on Saturday, July 26, 2025.
In Q1FY26, Lodha Developers' profit (attributable to owners of the company) grew 42 per cent year-on-year (Y-o-Y), to ₹674.7 crore. Its revenue (from operations) increased by 22.66 per cent Y-o-Y, to ₹3,491.7 crore.
The company's adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) for the quarter stood at ₹1,200 crore, up 25 per cent YoY. Meanwhile, its Ebitda margin stood at 34.4 per cent.
The overall urban slowdown has not impacted residential demand as is evident from a strong bookings run-rate of ₹270 crore in a non-launch week – a key metric the company tracks to measure the strength of demand.
The run-rate is up meaningfully compared to last year and will soon reach ₹300 crore by end of FY26. While there is some slowdown in IT, the Global Capability Centres (GCCs) employment is only growing.
The company expects 55 per cent of annual bookings guidance to be achieved in H2, given the strong launch pipeline planned for the last 2 quarters.
Brokerages' view on Lodha Developers
Nomura maintained 'Buy' with a target of ₹1,450 per share, as the brokerage believes the company can make up for the slower growth in Q1FY26 in the rest of the year, led by sales from its large inventory and new project launches.
The brokerage is upbeat on Lodha, on the back of its robust business model that drives sales through deep penetration within micro markets, strong collections aiding operating cash flow (OCF) generation at a 15 per cent compound annual growth rate (CAGR), which should enable Lodha exceed its business development goals for future growth, while maintaining a low net debt/equity position.
ICICI Securities has upgraded its rating to 'Add' from 'Hold' with an unchanged target of ₹1,284, based on a 40 per cent premium to FY25 net asset value (NAV) of ₹917. The brokerage finds Lodha Developers' stock attractive as it has corrected 8 per cent over the last three months.
JM Financial Institutional Securities maintained 'Buy' with a target of ₹ 1,480 per share. JM Financial sees Lodha well placed to withstand temporary headwinds given its well-diversified and growing presence in three of the top five markets in India.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
29 minutes ago
- Business Standard
Highway Infrastructure IPO open today: GMP up 57%; should you subscribe?
Highway Infrastructure IPO opens for subscription: The initial public offering (IPO) of infrastructure development and management company Highway Infrastructure opens for public subscription today, Tuesday, August 5, 2025. At the upper end, the company seeks to raise ₹130 crore from the public offering. Ahead of the opening of the public offering, Highway Infrastructure successfully raised ₹23.39 crore from anchor investors in a bidding that concluded on Monday, August 4. As the public offering opens for subscription, here are the key details of the Highway Infrastructure IPO: Highway Infrastructure IPO structure Highway Infrastructure IPO is a book-built issue, which comprises a fresh issue of 13.9 million equity shares worth ₹97.52 crore, and an offer for sale (OFS) with promoters Arun Kumar Jain and Anoop Agrawal divesting up to 4.6 million equity shares worth ₹32.48 crore. Highway Infrastructure has reserved not more than 30 per cent of the net offer for qualified institutional buyers (QIBs), not less than 40 per cent for retail investors, and not less than 30 per cent for non-institutional investors (NIIs). Highway Infrastructure IPO price band, lot size The public issue of Highway Infrastructure is available at a price band of ₹65–70 per share, with a lot size of 211 shares. Thus, investors can bid for a minimum of 211 shares of Highway Infrastructure IPO and in multiples thereof. A retail investor would require a minimum of ₹14,770 to bid for one lot of Highway Infrastructure IPO, and a maximum of 13 lots or 2,743 shares, with an investment amount of ₹1,92,010. Highway Infrastructure IPO grey market premium (GMP) The unlisted shares of Highway Infrastructure were commanding a decent premium in the grey market ahead of the opening of the public issue. Sources tracking unofficial market activities revealed that Highway Infrastructure shares were seen trading at around ₹110 per share, reflecting a grey market premium (GMP) of ₹40 or 57.14 per cent over the upper end of the issue price. Highway Infrastructure IPO allotment date, listing date The three-day subscription window to bid for the Highway Infrastructure IPO is set to close on Thursday, August 7. Following the closure of the subscription window, the basis of allotment of Highway Infrastructure IPO shares is likely to be finalised on Friday, August 8. The successful allottees will receive the company's shares in their demat account on Monday, August 11. Shares of Highway Infrastructure are slated to make their D-Street debut by listing at BSE and NSE, tentatively on Tuesday, August 12. Highway Infrastructure IPO registrar, lead managers Bigshare Services is the registrar for the Highway Infrastructure IPO, while Pantomath Capital Advisors is the sole book-running lead manager. Highway Infrastructure IPO objective Highway Infrastructure will not receive any proceeds from the OFS. 'The promoter selling shareholders will be entitled to the respective portion of the proceeds of the Offer for Sale after deducting its portion of the offer-related expenses,' the company said in its Red Herring Prospectus (RHP). The company, however, proposes to utilise the net proceeds from the public issue for funding the working capital requirements of the company, as well as for general corporate purposes. Should you subscribe to Highway Infrastructure IPO? Anand Rathi Research - Subscribe for long-term Analysts at Anand Rathi Research have recommended investors to subscribe to the public issue for the long-term perspective, citing that the IPO seems fully priced. Analysts highlighted that at the upper price band, the company is valued at an FY25 P/E of 22.5x, with a post-issue market capitalisation of ₹502 crore. "It presents a niche opportunity in India's tollway and EPC infrastructure space, supported by consistent growth and a robust order book," wrote the analysts in a research report. "The use of ANPR (Automatic Number Plate Recognition) technology in toll systems provides a competitive advantage, while the combination of toll and EPC businesses offers diversified revenue streams. Considering these factors, the IPO seems fully priced, and a 'Subscribe – Long term' recommendation is suggested." About Highway Infrastructure Highway Infrastructure Limited is an infrastructure development and management company. Their business includes tollway collection, EPC infrastructure, and real estate. While the company operates across various facets of infrastructure development and management, tollway collection constitutes a significant portion of their business, driving revenues and financial performance, followed by the EPC infra-segment.
Mint
29 minutes ago
- Mint
Nifty 50, Sensex today: What to expect from Indian stock market in trade on August 5 after Trump's tariff threat
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a cautious note Tuesday amid US President Donald Trump's higher tariffs threat, despite upbeat global market cues. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 24,757 level, a discount of nearly 37 points from the Nifty futures' previous close. On Monday, the domestic equity market ended higher, with the Nifty 50 closing above 24,700 level. The Sensex rallied 418.81 points, or 0.52%, to close at 81,018.72, while the Nifty 50 settled 157.40 points, or 0.64%, higher at 24,722.75. Here's what to expect from Sensex, Nifty 50, and Bank Nifty today: Sensex has formed a reversal pattern, and has formed a bullish candle on the daily charts, which is largely positive. 'We are of the view that, in the short term, the market's texture is weak but oversold; hence, a sharp technical bounce back is not ruled out from the current levels. For day traders, 80,600 and 80,500 would act as key support zones for Sensex, while 81,500 - 81,800 could be the key resistance areas for the bulls,' said Shrikant Chouhan, Head Equity Research, Kotak Securities. However, he believes, below 80,500, the sentiment could change, and below this level, traders may prefer to exit their long positions. According to Mayank Jain, Market Analyst, immediate resistance for Sensex is placed in the 81,500 – 81,700 zone, and a breakout above this range could pave the way for a move towards 82,200. 'On the downside, support is expected between 80,700 – 80,500, with a breakdown potentially pulling the index lower towards the 80,000 – 79,800 zone,' Jain said. In the derivatives segment, the highest Nifty Call open interest was observed at the 24,800 and 24,950 strike prices, signaling key resistance zones. On the other hand, the highest Put open interest stood at the 24,600 strike, indicating strong support. This positioning suggests that a firm close above 24,800 would be crucial to reviving bullish momentum and improving overall market sentiment, said Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking. Nifty 50 witnessed a smart bounce back on August 4 and closed the day higher by 157 points, but still trades below its key short-term moving averages. 'A reasonable positive candle was formed on the daily chart that placed beside the long bear candle of Friday. Technically, this market action indicates a pullback rally in the bearish market. Previously, few such bounces towards the lower highs have encountered with strong hurdles and Nifty 50 declined sharply,' said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. The negative chart pattern like lower tops and bottoms remains intact on the daily chart. After the formation of a new lower bottom on Monday at 24,535, Nifty 50 is expected to form a new lower top around 24,850 - 24,900 levels in the short term, which could be a sell on rise opportunity. Immediate support is placed at 24,550, Shetti added. Mayank Jain sees immediate resistance for Nifty 50 in the 24,800 – 25,000 range, with a sustained breakout required to extend gains towards 25,250 – 25,350. 'Support is placed around 24,600 – 24,500. A decisive break below this zone could lead to further downside towards the 24,000 mark,' Jain said. VLA Ambala, Co-Founder of Stock Market Today said that the Nifty 50 formed a bullish Engulfing and bullish Marubozu candlestick pattern on the daily timeframe. She expects Nifty 50 to find support between 24,670 and 24,550, and face resistance near 24,950 and 25,040. Bank Nifty index ended flat at 55,619.35 on Monday, showing indecision in the market. 'Bank Nifty index continues to exhibit weakness, trading below its 20-day and 50-day EMAs, both of which are trending downward. The daily RSI at 38 reflects the ongoing lack of momentum. Key support is at 55,350 – 55,400; a break below which could open doors to 54,750 – 54,850. Immediate resistance is at 56,150 – 56,200,' said Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities. Overall, while Monday's bounce offers some relief, the underlying structure suggests caution. Sustainability of the recovery will depend on follow-through buying and cues from global markets, he added. Hardik Matalia noted that the Bank Nifty showed signs of uncertainty, closing flat near the previous day's close, reflecting indecision among market participants. 'Key support levels are placed at 55,500, followed by 55,400 and 55,000. Holding above these levels could allow for further upside, while resistance is expected in the 56,250 – 56,600 zone. A decisive breakout above this range may trigger a rally toward the psychological 57,000 mark,' said Matalia. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hans India
29 minutes ago
- Hans India
Buying in metals, auto stocks takes Sensex above 81K
Mumbai: Benchmark BSE Sensex rose by nearly 419 points to close above the 81,000 level on Monday following gains in metal, commodities and auto shares amid a firm trend in global markets. Snapping the two-day falling streak, the 30-share Sensex gained 418.81 points or 0.52 per cent to settle at 81,018.72 with 26 of its constituents ending higher and four down. During the day, it climbed 493.28 points or 0.61 per cent to hit an intraday high of 81,093.19. The 50-share NSE Nifty jumped by 157.40 points or 0.64 per cent to close at 24,722.75. In the intraday session, it rose 169.3 points or 0.6 per cent to hit a high of 24,734.65. Among Sensex firms, Tata Steel was the lead gainer, humping by 4.31 per cent. BEL, Adani Ports, Tata Consultancy Services, Tech Mahindra, Bharti Airtel, HCL Technologies, Trent, Mahindra & Mahindra, Reliance Industries, UltraTech Cement and Larsen & Toubro were the major gainers. However, Power Grid, HDFC Bank, ICICI Bank, Hindustan Unilever were among the laggards. 'The domestic equity market edged higher, supported by strong performance in the metal and auto sectors. A weakening US Dollar, along with robust monthly auto sales and encouraging quarterly results from leading automakers, helped renew investor interest in these sectors. 'The Q1 earnings summary indicates that consumption-driven companies are benefiting from a rebound in volume demand. Meanwhile, rising unemployment and slower job creation in the US have reinforced expectations of a potential Fed rate cut. However, there still remains room for caution due to high US tariffs,' Vinod Nair, Head of Research, Geojit Investments, said. The BSE smallcap gauge rose 0.76 per cent and the midcap index by 1.11 per cent Among sectoral indices, metal rose by 2.58 per cent, realty by 1.88 per cent, commodities by 1.79 per cent, services by 1.74 per cent, auto by 1.54 per cent, focussed IT by 1.48 per cent, teck by 1.46 per cent and IT by 1.38 per cent. FMCG and Bankex were the only laggards. 'Markets started the week on a positive note, gaining over half a percent amid mixed cues.
