The record
Written from the 1 report below. Nothing here is unsourced.
- Lodha Developers shares rose 8 percent after the real estate firm reported first-quarter profits that more than doubled.
- The company also announced plans to monetise more land at its Palava data centre park.
- It expects to raise about Rs 9,000 crore from this land monetisation.
- The strong earnings and the monetisation plan together lifted investor sentiment in the stock.
What to watch next
- Progress on the Rs 9,000 crore land monetisation at the Palava data centre park
- Whether profits sustain their growth in the coming quarters
- Further stock movement following the earnings announcement
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Named India · Lodha Developers · Palava
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