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GRASIM — Grasim Industries News Story

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Basic MaterialsConservativeLarge CapMomentum Trap

India's Aditya Birla Real Estate falls after quarterly loss

** Shares of Aditya Birla Real Estate AITE.NS fall 4% to 1,685 rupees, marks biggest intraday percentage loss since September 29

** Realty developer posts consol net loss of 157.4 mln rupees ($1.79 mln) for September quarter, compared with profit of 25.8 mln rupees a year earlier

** Total income from cont ops drops 58.9% y/y

** More than 319,696 shares change hands, 1.5x of 30-day avg

** AITE rated "strong buy" by 7 analysts on average; median target price is 2,700 rupees – data compiled by LSEG

** Stock down 32.8% YTD

($1 = 87.8950 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))

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