Aditya Birla Real Estate Slides 6%

  Published 8 months ago

Aditya Birla Real Estate shares fall ~6% after Q1 loss of ₹254.7 mln, driven by sharp income drop from operations.

  • Q1 consolidated income from continuing operations dropped 57% YoY; stock sees unusually high trading volume.
  • Company posts net loss vs ₹77.8 mln profit YoY; shares down ~20% YTD despite “strong buy” rating.
  • Median target price stands at ₹2,808, suggesting upside potential if fundamentals recover in coming quarters.
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