Stock of Interest

Posted On: August 19, 2023

Stock Report: LODHA (NSE) 17 Aug 2023 

Lodha, or Macrotech Developers, is a leading Indian real estate company founded by Mangal Prabhat Lodha in 1980. Headquartered in Mumbai, it operates in major Indian cities and London. Abhishek Lodha has been its CEO since 2018. With around 4,200 employees in 2023, it achieved a revenue of 92.3 billion INR (approximately US$1.2 billion) in 2022. The company is renowned for its diverse portfolio of residential and commercial properties, cementing its presence both nationally and internationally, including through its subsidiary in the UK. Lodha is a significant player in the real estate industry, known for delivering high-quality developments.

#xCalData predicts that # LODHA will continue its bullish phase over the next five days and trend within the range of 685 to 737.  

In comparison to the previous month, the price of the stock has experienced an increase of 1.68% indicating a bullish.     

The Stock has doubled Once since 19 Apr 2021 and took an average of 0.4 years to double.      

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 2 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Some of the technical indicator namely Aroon, Coppock Curve indicates Bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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