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Sri Lotus Developers shares jump 3% to fresh 52-week high after Capital Group buys nearly 2% stake

Economic Times Markets
Sri Lotus Developers shares jump 3% to fresh 52-week high after Capital Group buys nearly 2% stake
Economic Times Markets

Sri Lotus Developers shares hit a fresh 52-week high after a Capital Group fund acquired a 2% stake worth over Rs 195 crore. The promoter stake sale helped meet minimum public shareholding norms. The stock has more than doubled since its March low, while Q1 FY27 profit rose 77% year-on-year.

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Quote of the day by Dean Williams: "Expertise is great, but it has a bad side effect. It tends to create an inability to accept new ideas"

Expertise can sharpen judgment but also create resistance to new ideas. For investors, relying too heavily on established beliefs can obscure market realities. Staying curious, testing assumptions and welcoming contradictory evidence helps investors adapt, reconsider decisions and avoid costly overconfidence.

Source: Economic Times Markets

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