The Economic Times

Sri Lotus shares rally 29% in a month. Can luxury and redevelopment sustain the momentum?

Sri Lotus Developers & Realty has seen a remarkable 29% increase in shares, significantly outpacing the wider market. This boost is attributed to the anticipation surrounding their luxury initiatives and redevelopment projects, which promise robust pre-sales and profit margins. With 22 projects planned, the anticipated gross development value ranges from 17,500 to 18,000 crore. Furthermore, collections have surged year-over-year, suggesting a bright growth trajectory for the current fiscal year.