Lodha falls 6% after block deal; Analysts warn of volatility
Lodha shares tumbled over 6% after a $165 million block deal at a discount triggered a sharp selloff. Analysts flagged short-term volatility, with support seen at ₹1,305-1,265. Despite robust Q1 pre-sales and new project wins, analysts advise caution unless the stock reclaims ₹1,390. Technicals indicate weakness, with RSI at 40 and CMF at -0.38 suggesting bearish sentiment.