Lodha Developers jumps 5% after Q1 earnings; Nomura retains 'Buy' with Rs 1,250 target

Lodha Developers shares jumped 5% after reporting Q1FY27 pre-sales of Rs 46.3 billion, up 3% year-on-year.

Nomura retained a 'Buy' rating on the stock with a target price of Rs 1,250.

The brokerage described Q1 pre-sales as slow but in line with its estimates.