Jefferies has reiterated its ‘buy’ rating on Macrotech Developers (Lodha), with a target price of ₹1,615. The brokerage cited the stock’s 6-percentage-point underperformance against the Realty Index from its recent peak as largely driven by macroeconomic concerns, which it views as a strong entry opportunity for long-term investors.
The company has delivered consistent operational performance, with 25% sales growth in the first nine months of FY25. Key markets such as Mumbai Metropolitan Region (MMR) remain healthy, while infrastructure development around Lodha’s Palava township is expected to sustain rising residential premiumisation and realizations over the coming years.
Disclaimer: This article is for informational purposes only and does not constitute financial advice
