4 stories mentioning BOM:500040Updated 43d ago
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Aditya Birla Real Estate (NSE:ABREL, BOM:500040) has an average rating of buy and mean price target of 1,913.25 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Indian benchmark indices ended sharply higher on Wednesday as reports of a possible U.S.-Iran deal supported global risk sentiment.The BSE Sensex rose 940.73 points, or 1.22%, to close at 77,958.52, while the NSE Nifty 50 gained 298.15 points, or 1.24%, to settle at 24,330.95.Markets advanced on expectations that the U.S. and Iran may be close to resolving their conflict, which had pushed energy prices higher in recent sessions. Hopes of easing geopolitical risks supported sentiment and helped drive broad-based buying.In economic news, Services activity in Indian strengthened in April, with the HSBC India Services PMI rising to 58.8 from 57.5, supported by firm domestic demand and e-commerce growth. New orders saw the fastest expansion in five months, aided by pricing strategies and demand for logistics and relocation services. However, export growth slowed to a five-month low amid Middle East tensions and weak tourism.In earnings news, Aditya Birla Real Estate (NSE:ABREL, BOM:500040) gained nearly 5% after reporting a profit of 108.4 million rupees in Q4, compared with a loss of 1.31 billion rupees a year earlier, according to a filing. Revenue from operations declined to 981.9 million rupees from 4.08 billion rupees.Zydus Lifesciences (NSE:ZYDUSLIFE, BOM:532321) rose over 3% after receiving seven observations from the US FDA following an inspection of its Ahmedabad facility, according to a Wednesday filing.
Aditya Birla Real Estate (NSE:ABREL, BOM:500040) swung to a profit in the fiscal fourth quarter ended March 31, with a consolidated attributable profit of 108.4 million Indian rupees from a loss of 1.31 billion rupees a year ago.Earnings per share came in at 0.97 rupees from a loss per share of 12.27 rupees a year earlier, the real estate developer said in a filing to the Indian stock exchanges exhanges.Revenue from operations in fiscal Q4, however, fell to 981.9 million Indian rupees from 4.08 billion rupees a year ago.The company's board recommended a dividend of 2.50 rupees per share of 10 rupees each for the year ended March 31.The company's shares were up nearly 4% in recent trade.
Aditya Birla Real Estate (NSE:ABREL, BOM:500040) said its wholly owned subsidiary Birla Estates has incorporated Pragataya Properties, making it a step-down wholly owned subsidiary of the company, according to a Friday filing on Indian bourses.The new entity will undertake land acquisition and real estate development activities, the filing said.
