Shares of Lodha Developers (LODHA.NS) rose more than 6% on Tuesday after upbeat management commentary following the September-quarter results.
The company plans to launch 17 projects in the second half of the fiscal year. The launches have a revenue potential of Rs 19,070 crore. In the first half, launches were worth Rs 4,080 crore.
The planned projects span the Mumbai Metropolitan Region (MMR), Bengaluru, Pune and the National Capital Region (NCR). Q2 pre-sales rose 10% year on year.
A fresh FIR against a former director was also reported.