External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Aditya Birla Real Estate / Equity Bottom-Up

<ul><li>Aditya Birla Real Estate Ltd (ABREL) is coming out of a slow growth period over the last 9MFY26, with INR 75-80bn of new launches in Q4FY26</li><li>The underlying demand remains stable and may result in flat YoY presales at INR 80bn</li><li>ABREL FYTD26 seems to have missed business development target, we see this more of a timing issue, while largely expecting INR 100-150bn of BD for FY26</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Aditya Birla Real Estate Ltd (ABREL) is coming out of a slow growth period over the last 9MFY26, with INR 75-80bn of new launches in Q4FY26The underlying demand remains stable and may result in flat YoY presales at INR 80bnABREL FYTD26 seems to have missed business development target, we see this more of a timing issue, while largely expecting INR 100-150bn of BD for FY26Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aditya Birla Real Estate (Initiating Coverage): Bottoming Out, Favorable Risk-Reward. BUY