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Nomura upgrades Lodha Developers target to Rs 1,280

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  1. Nomura raised Lodha Developers target price to Rs 1,280.

  2. Nomura reiterated its 'Buy' rating on Lodha Developers.

  3. The rating is based on potential value unlocking from data centres.

  4. Lodha Developers has inventory worth Rs 413 billion.

  5. The company has launches worth Rs 240 billion in the pipeline.

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