India's Aditya Birla Real Estate rises on report Birla Estates in talks to buy Noida plot

Grasim Industries

15/10/2026 08:40

** Shares of India's Aditya Birla Real Estate AITE.NS rise 3.1% to 1,114.10 rupees
** Stock rises after Economic Times reports that unit Birla Estates is in advance talks with Shipra Group to acquire 10-acre plot in Noida for 10 billion rupees ($105.18 million)
** Co intends to build a luxury residential development on the land in central Noida, the report said, citing two people aware of the development
** Aditya Birla Real Estates and Shipra Group did not immediately respond to Reuters' requests for comment
** On December 3, 2025, Birla Estates partnered with Sikka Group to co-develop 16 billion rupees housing project in Greater Noida
** ICICI Direct Reseach says securing Noida project will strengthen AITE's medium-term growth visiblity
** Stock rated "strong buy" on avg by 11 analysts, with median PT of 1,880 rupees- data compile dby LSEG
** Stock down 33.66% YTD
     


($1 = 95.0725 Indian rupees)

 (Reporting by Anushka Rajvedi in Bengaluru)
 ((mailto: anushka.rajvedi@thomsonreuters.com))