Lodha Developers Can Rally 36% Says Motilal Oswal Maintaining 'Buy'

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Motilal Oswal Report

Macrotech Developers Ltd. (Lodha) has delivered steady performance across key parameters, and as it prepares to capitalize on strong growth and consolidation opportunities, we expect this consistency in operational performance to continue.

At Palava, the company has a development potential of 600 msf. However, we assume a portion of this potential to be monetized through industrial land sales.

We value 250 msf of residential land to be monetized at Rs 637 billion over the next three decades.

We reiterate Buy with a revised target price of Rs 1,870/share (earlier Rs 1,625/share).

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