Eldeco Group news

The sales figures are management's own, given on the earnings call. Booking value rose while area booked fell, so growth came from higher prices.

The Eldeco Group's listed arm has set a target for the Shaheed Path project, but approvals and state elections could delay it.

Bookings roughly halved in the June quarter while collections and income rose, and the company has not explained the one-day fall.

The downgrade is a stock-rating opinion, not a company announcement, but it comes as the shares trade closer to their 52-week low than their high.