Jefferies starts Aditya Birla Real Estate at buy, sees growth

Jefferies has initiated coverage on Aditya Birla Real Estate with a 'Buy' rating, citing sharp growth in pre-sales, a sizeable development pipeline, and net gearing close to zero. The brokerage sees room for the real estate business to build on its growth momentum.

The positive outlook comes as the company continues its transformation in the realty sector. Jefferies' target price reflects confidence in the firm's ability to scale operations and improve financial metrics.