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Market move● Neutral for Sri Lotus Developers and Realty
Sri Lotus shares rally 29% in a month. Can luxury and redevelopment sustain the momentum?
The brief
- Sri Lotus shares rose 29% in a month, outpacing the wider market
- Sri Lotus shareholders are exposed to the stock’s momentum and redevelopment prospects
- Prestige Estates raises ₹3,000 crore from CPPIB for hospitality arm
- Foreign investors are back: India real estate draws record $9.5 bn in Q3
- Equity capital inflow in real estate, data centre, hotel assets doubles to USD 9.5 bn in Jul-Sep: CBRE
- Real estate capital inflows hit record $9.5 bn in Q3 on data centre demand
- Nifty 50 down 12% from September 2024 peak: Motilal Oswal