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Sri Lotus Developers shares debuted strongly, listing at a premium over their IPO price of Rs 150. On BSE, it opened at Rs 179.10, and on NSE at Rs 178.
Sri Lotus Developers Shares List On Exchanges.
Sri Lotus Developers Share Price: Shares of Sri Lotus Developers made a strong debut on the stock market, listing at a solid premium over their IPO price of Rs 150.
On the BSE, the stock opened at Rs 179.10, reflecting a 19.4% gain, while on the NSE, it listed at Rs 178, up 18.7% from the issue price.
Sri Lotus Developers Shares: Should You Buy, Sell Or Hold?
On Sri Lotus Developers Shares, Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd said:
“Despite prevailing market volatility, Sri Lotus Developers listed broadly in line with our expectations, supported by robust subscription and listing demand — a clear reflection of investor confidence in the company’s focused strategy and niche positioning in the premium real estate segment.
We believe Sri Lotus is well-positioned to capitalize on structural growth drivers in Mumbai’s high-value residential market, backed by its strong execution capabilities and luxury-focused development pipeline. From an investment standpoint, we recommend allotted investors to HOLD the stock for the long term to benefit from the premium housing growth story. For non-allotted investors, a WAIT & WATCH stance is prudent, as any post-listing corrections may offer a more attractive entry point.”
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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