Nomura has reiterated its buy call on Macrotech Developers (Lodha) with a target price of ₹1,450 per share, following the company’s Q2FY26 pre-sales performance that was broadly in line with expectations. The real estate developer achieved 43% of its full-year pre-sales target in the first half, aligning with its earlier guidance range of 42–45%.
Lodha continues to maintain its FY26 pre-sales guidance of ₹21,000 crore, with the second half expected to contribute approximately ₹12,000 crore. Nomura said the company’s confidence in achieving this target is supported by a robust launch pipeline exceeding ₹10,000 crore for H2FY26.
The brokerage highlighted that consistent execution, healthy demand trends, and strong visibility from upcoming launches position Lodha favourably to meet its annual sales goals. Nomura remains optimistic on the company’s growth trajectory, backed by its well-diversified portfolio across Mumbai, Pune, and London, and improving balance sheet strength.
Disclaimer: The views and recommendations above are those of Nomura. Business Upturn does not endorse them. Please consult a financial advisor before making investment decisions.
