Lodha Developers shares slip nearly 6.5% after block deal

7 hours ago 1

Shares of Lodha Developers Ltd continued to reel under selling pressure, falling 6.49 per cent to Rs 1,348.70 by 12:51 PM IST, as a large block deal spooked investors despite solid business performance in the June quarter.

The stock touched an intraday low of Rs 1,346.5 on the BSE, marking its steepest single-day fall in recent weeks. The broader Sensex, meanwhile, remained in the green, up around 0.13 per cent during the morning trade.

Lodha block deal triggers selling

According to reports, a block deal involving 9.9 million shares was executed on the NSE earlier in the day, with a floor price of Rs 1,384.6 per share. While the names of the buyer and seller haven’t been made public, the trade led to heightened volatility and heavy volumes.

By mid-morning, 14.23 million shares had changed hands on the NSE, and 1.57 million shares on the BSE, significantly higher than the daily average.

What is a block deal?

A block deal is a single transaction involving a large number of shares—typically over Rs 10 crore or 5 lakh shares—executed in a special trading window to avoid impacting market prices. These deals are commonly used by institutional investors or promoters.

Lodha Q1 FY26 results highlights

Despite the stock dip, Lodha Developers’ operating performance for Q1FY26 remained strong:

Collections rose 7 per cent YoY to Rs 2,880 crore, up from Rs 2,690 crore in Q1FY25.

Net debt increased by Rs 1,100 crore sequentially but stayed comfortably under the company’s cap of 0.5x net debt-to-equity, reflecting balance sheet discipline.

The company also acquired five new land parcels in Mumbai, Pune, and Bengaluru during the quarter, with a combined revenue potential of Rs 22,700 crore. It did not disclose whether these were outright purchases or joint development agreements.