Domestic brokerage firm Anand Rathi, in its latest note, has initiated coverage on Aditya Birla Real Estate with a 'Buy' rating and a target price of ₹1,345 per share, indicating an upside potential of 30% from the stock's latest closing price.
Despite the stock remaining under severe selling pressure and losing 38% of its value in 2026 so far to trade at around ₹1,036 apiece, the brokerage remains confident about its long-term growth prospects.
It believes the company is positioned for renewed growth acceleration, citing expectations of a recovery in pre-sales, supported by the enhanced gross development value (GDV) of Niyaara Tower C and a stronger launch pipeline.
Anand Rathi said that the company is transitioning from a Worli-led growth story to a diversified, capital-efficient real estate platform, with an expanding multi-city portfolio and commercial annuity assets.
It highlighted that Worli residential portfolio accounts for approximately ₹243 billion (50%) of the company's approximately ₹483 billion upcoming launch pipeline, making it the key contributor to near-term launch visibility, with the planned Tower C launch expected to drive the next phase of Worli-led growth.