India's Aditya Birla Real Estate rises on bullish analyst views despite posting a loss

Grasim Industries

30/10/2025 07:16

** Shares of Aditya Birla Real Estate AITE.NS jump 4% to 1,888 rupees

** 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

** However, brokerage Nomura ("buy", PT at 2,550 rupees) and Antique Stock Broking ("buy", PT at 2,820 rupees) remain bullish on the co

** Nomura says co's pre-sales will likely grow 20% y/y in FY26F to 95 bln rupees

** Antique Stock Broking says AITE is one of its top picks in real estate sector along with Sobha SOBH.NS

** Adds co has a strong launch pipeline in H2, expected to achieve about 150 billion rupees in gross development value by FY2026

** AITE rated "strong buy" by 7 analysts on average; median target price is 2,677 rupees – data compiled by LSEG

** Despite bullish views, AITE down ~25% YTD

($1 = 87.8950 Indian rupees)

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))