1 min read.Updated: 10 Jan 2022, 12:04 PM ISTLivemint
The brokerage firm has maintained ‘Buy’ rating on the multibagger stock and has revised target price upwards
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Realty major Macrotech Developers (Lodha) clocked pre-sales growth of 40% on a yearly basis and 30% on a sequential basis, its best in the past twelve quarters and sustained its strong performance into Q3FY22. With the housing cycle likely turning, analysts at brokerage house Edelweiss expect the sales momentum to remain healthy going ahead.