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Economic Times
a day ago
- Business
- Economic Times
Aditya Birla Real Estate shares down 32% from peak. Can the stock reclaim Rs 2,400 post Q1 results?
Technical indicators at a crossroads Live Events Q4 loss weighs, but long-term growth bets build Brokerage bullish on project pipeline, long-term rerating Stock performance and near-term watchpoints (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Aditya Birla Real Estate ABREL ), down 32% from their October 2024 peak, head into a closely watched earnings announcement on Wednesday that could set the tone for the stock's next move. With technical signals mixed and management preparing to unveil both June-quarter results and a funding plan tied to its ongoing business transformation, investors are eyeing whether the stock can regain momentum and move back toward the Rs 2,400 a regulatory filing, ABREL announced that its Board will meet on July 23, 2025 to consider the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. The agenda also includes a proposal to raise funds via term loans or debt securities to refinance borrowings taken for the capex of its Century Pulp and Paper (CPP) per the filing, this refinancing move comes 'in view of the proposed sale of CPP division of the Company to ITC Limited.' The Rs 3,498 crore divestment, approved in March this year, is seen as a pivotal move to unlock capital and streamline focus on the real estate V Parar, Vice President of Technical Research and Algo at Choice Broking, flagged a potential bullish reversal. 'On the daily chart, the stock has formed a Bullish Harami candlestick pattern — a classic bullish reversal signal — indicating the potential for an upward move.''The stock is currently trading above its 100-Day Moving Average, reinforcing the prevailing positive short-to-medium-term trend. On the weekly timeframe as well, it remains above the 100-Week Moving Average, highlighting continued strength in the long-term trend,' said also highlighted a key momentum shift: 'The daily RSI is hovering near the 35 level and has recently taken support around the crucial 30 mark, indicating a possible shift in momentum towards the upside.''If the stock sustains above the Rs 2,181 level, we anticipate a move towards the Rs 2,245–2,345 zone in the near term. Traders are advised to maintain a strict stop loss at Rs 2,100 to manage risk effectively,' he contrast, Kunal Kamble, Senior Technical Research Analyst at Bonanza, struck a cautious tone. 'The stock is forming a Lower High–Lower Low structure, indicating that bears are currently in control. Price action has slipped below key SMAs, which confirms a shift in trend to the downside.'Kamble sees immediate support at Rs 2,066 and resistance at Rs 2,300, with a higher hurdle at Rs 2,450. 'It is advisable to wait at the current level before initiating any fresh positions. The technical setup remains weak, and no immediate rebound is expected in the near term,' he said. 'The stock is likely to remain range-bound in the near term, with no significant momentum expected. It is anticipated to trade between Rs 1,800 and Rs 2,440 until a decisive breakout occurs on either side.'ABREL reported a consolidated net loss of Rs 126.99 crore for the March quarter, compared to a net profit of Rs 143.67 crore a year earlier. Revenue fell sharply by 51.5%, dragging the full-year loss to Rs 148.74 Mistry, Research Analyst at Bonanza, said, 'The company posted a consolidated net loss of approximately Rs 127 crore for Q4 FY25, primarily due to a sharp 51.5% revenue decline and operational pressures, resulting in a full-year net loss of roughly Rs 148.7 crore. The market reacted swiftly and negatively, with the stock coming under pressure after results.'However, Mistry sees the paper division divestment as a turning point. 'ABREL has executed the sale of its pulp and paper business, a move expected to be completed by Q2 FY26. This is strategic — management aims to redeploy capital toward its real estate business, focus on core operations, and strengthen the balance sheet.''While weak near-term earnings have dragged sentiment, the divestment and strong project pipeline do provide a counterweight. If execution continues, these factors could drive a turnaround in earnings and sentiment as early as late FY26,' Mistry risks remain. 'ABREL's FY25 loss is notable — the swing from profit to a Rs 148.7 crore net loss is a concern for value-focused investors. The decline in operating profit margins (with OPM dropping to just 1% in Mar 2025) and low ROE highlight ongoing efficiency challenges,' she said. 'In the very short term, valuation pressure could persist if execution stumbles or sentiment in the broader real estate sector weakens.'Brokerage Emkay Global initiated coverage on ABREL in June with a 'buy' rating and a price target of Rs 3,300. It cited strong booking momentum, robust financials, and a launch pipeline exceeding Rs 45,000 crore. Emkay expects pre-sales to grow at a 25% CAGR through FY27, reaching Rs 12,600 crore, with collections rising 32% to Rs 4,700 brokerage sees the pulp and paper divestment as a key liquidity booster, projecting a decline in net debt to Rs 2,000 crore by FY27 even with ongoing project shares are down 15.6% year-to-date and 12% over the past month, underperforming broader market indices. The stock is currently 30% above its February low of Rs 1,638 but still far below its 52-week high of Rs 3,141.95 hit in October the RSI at 36.8 and MACD still in bearish territory at -42.1, near-term momentum remains muted. The next directional trigger will likely emerge from Wednesday's board meeting, with investors watching closely for earnings recovery signals and clarity on the company's post-divestment capital that's enough to reclaim Rs 2,400 remains to be read | IREDA shares down 28% in 2025. Can the stock rebound past Rs 185 or is it time to sell? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time Out
2 days ago
- Entertainment
- Time Out
Knicks stars Jalen Brunson & Josh Hart are bringing the live version of their fan-favorite podcast to Central Park
Get ready, New York: Your favorite roommates are throwing the city's hottest end-of-summer bash, and you're invited. Knicks stars Jalen Brunson and Josh Hart are bringing The Roommates Show back to Central Park for round two, and if last year's sold-out blowout was any indication, this one's going to be even bigger. Set for Saturday, September 6 at Rumsey Playfield, The Roommates Show Block Party – Live From Central Park, presented by Tommy John, promises an all-star lineup of sports, comedy, music and pure NYC energy. Tickets go on sale this Friday, July 25, at 10am, starting at $79.99. Hosted by Brunson, Hart and their longtime college roommate Matt Hillman, the live taping will feature surprise appearances from Knicks players and famous fans, plus confirmed guests like Eli Manning and Ben Stiller. Chart-topping artist Ferg will take the stage for a live performance, and fans can expect all the food, drinks and BODYARMOR hydration they can handle. The podcast-turned-party draws its name and vibe from the trio's real-life roommate bond at Villanova and has become a cult favorite among hoops fans for its hilarious banter and behind-the-scenes look at NBA life. Last year's debut event pulled over 5,000 fans, turning Central Park into a Knicks-loving, beer-sipping, podcast-laughing block party—and this year's edition is leveling up. Tommy John returns as the presenting partner, offering on-site activations and product giveaways (because who doesn't want premium underwear with their podcast experience?). Other top-tier partners include BODYARMOR and 1800 Tequila, the latter of which will host an after-party and takeover the Friends & Family Deck for VIPs and surprise guests. 'There's no better way to kick off the season than being out in the city with the fans,' said Hart. Brunson added, 'New York showed out last season, and they showed up for us at the Block Party too, so it only made sense to run it back.'
The Advertiser
2 days ago
- The Advertiser
Fatal truck crash: specialist officers to comb crime scene on M1 after man killed
A TRUCK driver has died in a crash on the M1 at Morisset on Tuesday afternoon. Emergency services rushed to reports of a crash between two trucks, including a petrol tanker, in the southbound lanes near Mandalong Road just before 3pm on July 22. Police said the man who had been driving one of the vehicles sadly died before emergency services arrived. He was yet to be formally identified on Tuesday night. The second driver, a 57-year-old man, was not injured in the crash, according to police. Lake Macquarie police established a crime scene and were waiting for specialist officers to arrive and comb the crash site as part of the effort to piece together how the fatal collision unfolded. Both southbound lanes of the M1 were closed to all traffic south of Morisset and no traffic heading from Newcastle to Sydney could get through. A NSW Police spokesperson said the roadway was expected to remain a crime scene for a considerable amount of time and motorists were urged to avoid the area. Southbound traffic north of the crash site was in gridlock on Tuesday afternoon and motorists were warned to expect significant delays. Northbound traffic was also affected, with one of two lanes closed while the emergency response unfolded. Traffic was heavy on the roads surrounding the crash site at Dora Creek, Cooranbong and Morisset, due to diversions. Multiple NSW Ambulance resources were tasked to the scene, including a rescue helicopter, along with police officers and Transport for NSW crews, as part of the major emergency response. Heavy vehicle recovery and the clean-up of the crash site were also expected to take some time, according to Live Traffic NSW updates. A diversion was in place along Mandalong Road, Wyee Road, Doyalson Link Road and the M1 Pacific Motorway. B-doubles had to divert via Newcastle using the Pacific Highway; while light vehicles only could consider using Hue Hue Road from Wyee Road then Sparks Road to access the M1 Pacific Motorway from Warnervale. Investigating police have urged anyone with information about the truck crash, who was in the area at the time, or who had dashcam or mobile phone footage available, to contact Morisset police or Crime Stoppers on 1800 333 000. A TRUCK driver has died in a crash on the M1 at Morisset on Tuesday afternoon. Emergency services rushed to reports of a crash between two trucks, including a petrol tanker, in the southbound lanes near Mandalong Road just before 3pm on July 22. Police said the man who had been driving one of the vehicles sadly died before emergency services arrived. He was yet to be formally identified on Tuesday night. The second driver, a 57-year-old man, was not injured in the crash, according to police. Lake Macquarie police established a crime scene and were waiting for specialist officers to arrive and comb the crash site as part of the effort to piece together how the fatal collision unfolded. Both southbound lanes of the M1 were closed to all traffic south of Morisset and no traffic heading from Newcastle to Sydney could get through. A NSW Police spokesperson said the roadway was expected to remain a crime scene for a considerable amount of time and motorists were urged to avoid the area. Southbound traffic north of the crash site was in gridlock on Tuesday afternoon and motorists were warned to expect significant delays. Northbound traffic was also affected, with one of two lanes closed while the emergency response unfolded. Traffic was heavy on the roads surrounding the crash site at Dora Creek, Cooranbong and Morisset, due to diversions. Multiple NSW Ambulance resources were tasked to the scene, including a rescue helicopter, along with police officers and Transport for NSW crews, as part of the major emergency response. Heavy vehicle recovery and the clean-up of the crash site were also expected to take some time, according to Live Traffic NSW updates. A diversion was in place along Mandalong Road, Wyee Road, Doyalson Link Road and the M1 Pacific Motorway. B-doubles had to divert via Newcastle using the Pacific Highway; while light vehicles only could consider using Hue Hue Road from Wyee Road then Sparks Road to access the M1 Pacific Motorway from Warnervale. Investigating police have urged anyone with information about the truck crash, who was in the area at the time, or who had dashcam or mobile phone footage available, to contact Morisset police or Crime Stoppers on 1800 333 000. A TRUCK driver has died in a crash on the M1 at Morisset on Tuesday afternoon. Emergency services rushed to reports of a crash between two trucks, including a petrol tanker, in the southbound lanes near Mandalong Road just before 3pm on July 22. Police said the man who had been driving one of the vehicles sadly died before emergency services arrived. He was yet to be formally identified on Tuesday night. The second driver, a 57-year-old man, was not injured in the crash, according to police. Lake Macquarie police established a crime scene and were waiting for specialist officers to arrive and comb the crash site as part of the effort to piece together how the fatal collision unfolded. Both southbound lanes of the M1 were closed to all traffic south of Morisset and no traffic heading from Newcastle to Sydney could get through. A NSW Police spokesperson said the roadway was expected to remain a crime scene for a considerable amount of time and motorists were urged to avoid the area. Southbound traffic north of the crash site was in gridlock on Tuesday afternoon and motorists were warned to expect significant delays. Northbound traffic was also affected, with one of two lanes closed while the emergency response unfolded. Traffic was heavy on the roads surrounding the crash site at Dora Creek, Cooranbong and Morisset, due to diversions. Multiple NSW Ambulance resources were tasked to the scene, including a rescue helicopter, along with police officers and Transport for NSW crews, as part of the major emergency response. Heavy vehicle recovery and the clean-up of the crash site were also expected to take some time, according to Live Traffic NSW updates. A diversion was in place along Mandalong Road, Wyee Road, Doyalson Link Road and the M1 Pacific Motorway. B-doubles had to divert via Newcastle using the Pacific Highway; while light vehicles only could consider using Hue Hue Road from Wyee Road then Sparks Road to access the M1 Pacific Motorway from Warnervale. Investigating police have urged anyone with information about the truck crash, who was in the area at the time, or who had dashcam or mobile phone footage available, to contact Morisset police or Crime Stoppers on 1800 333 000. A TRUCK driver has died in a crash on the M1 at Morisset on Tuesday afternoon. Emergency services rushed to reports of a crash between two trucks, including a petrol tanker, in the southbound lanes near Mandalong Road just before 3pm on July 22. Police said the man who had been driving one of the vehicles sadly died before emergency services arrived. He was yet to be formally identified on Tuesday night. The second driver, a 57-year-old man, was not injured in the crash, according to police. Lake Macquarie police established a crime scene and were waiting for specialist officers to arrive and comb the crash site as part of the effort to piece together how the fatal collision unfolded. Both southbound lanes of the M1 were closed to all traffic south of Morisset and no traffic heading from Newcastle to Sydney could get through. A NSW Police spokesperson said the roadway was expected to remain a crime scene for a considerable amount of time and motorists were urged to avoid the area. Southbound traffic north of the crash site was in gridlock on Tuesday afternoon and motorists were warned to expect significant delays. Northbound traffic was also affected, with one of two lanes closed while the emergency response unfolded. Traffic was heavy on the roads surrounding the crash site at Dora Creek, Cooranbong and Morisset, due to diversions. Multiple NSW Ambulance resources were tasked to the scene, including a rescue helicopter, along with police officers and Transport for NSW crews, as part of the major emergency response. Heavy vehicle recovery and the clean-up of the crash site were also expected to take some time, according to Live Traffic NSW updates. A diversion was in place along Mandalong Road, Wyee Road, Doyalson Link Road and the M1 Pacific Motorway. B-doubles had to divert via Newcastle using the Pacific Highway; while light vehicles only could consider using Hue Hue Road from Wyee Road then Sparks Road to access the M1 Pacific Motorway from Warnervale. Investigating police have urged anyone with information about the truck crash, who was in the area at the time, or who had dashcam or mobile phone footage available, to contact Morisset police or Crime Stoppers on 1800 333 000.
Time of India
3 days ago
- Business
- Time of India
Paytm stock rallies 122% in one year but still 53% below issue price. Can it reclaim its IPO glory?
Technical outlook positive Live Events Q1 earnings could be a turning point Can Paytm reclaim its IPO highs? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of fintech major Paytm (One 97 Communications) have surged 122% over the past 12 months, driven by sustained bullish momentum and improving investor sentiment. Despite the strong recovery, the stock still trades 53% below its IPO issue price of Rs 2,150 – raising the question: Can Paytm reclaim its IPO-era highs?Currently hovering around Rs 1,018, the stock has shown signs of a technical breakout, supported by a consistent pattern of higher highs and higher lows (HH–HL) on the charts. Technical analysts believe the upcoming June quarter results, due today, July 22, could be a key trigger for further Vithlani, Technical Research Analyst at Bonanza Portfolio, said Paytm is approaching a crucial resistance zone of Rs 1,020–1,030, where it had faced sharp selling pressure in December 2024. 'The stock has been consistently forming a higher highs–higher lows (HH–HL) structure, which indicates a sustained uptrend,' he advised existing holders to maintain a stop-loss at Rs 980 and continue holding, provided the stock sustains above the breakout zone with supportive volumes. 'Traders should adopt a wait-and-watch approach ahead of the earnings event.'Hardik Matalia, Derivative Analyst at Choice Broking, said Paytm is showing strong bullish momentum after a consolidation phase. 'There is a Cup and Handle pattern on the weekly chart and an Inverted Head and Shoulders on the monthly — both are bullish continuation setups that suggest potential for a move toward Rs 1,700,' he also highlighted the stock's strength across timeframes: 'Paytm is comfortably trading above its 20-, 50-, 100-, and 200-day EMAs, and the RSI at 65.86 is trending upwards.' For short-term traders, Matalia suggests using Rs 980 as support and Rs 940 as a stop-loss. A breakout above Rs 1,050 could offer momentum-based entry opportunities, he added. Long-term investors can hold or accumulate more as long as the stock sustains above Rs expect Paytm to report its first-ever profit in Q1FY26, with projected PAT exceeding Rs 18.9 crore — compared to a net loss in the same quarter last year. Revenue from operations is expected to rise 27% YoY, driven by growth in payments and financial Securities and JM Financial believe a strong recovery in loan disbursals and tighter control over indirect expenses could support profitability. However, margins may remain under pressure due to rising payment processing costs and the absence of UPI the recent rally reflects improving fundamentals and growing investor confidence, analysts remain cautious. 'Reclaiming the IPO price of Rs 2,150 will require sustained earnings delivery, clarity on regulatory concerns, and expansion in lending partnerships,' said a fund manager at a domestic mutual now, momentum is on Paytm's side. But whether it can return to its IPO-era glory will depend on the company's ability to turn early profitability into durable growth—and rebuild trust with long-term investors.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
4 days ago
- Business
- Time of India
Microsoft alerts businesses, governments to server software attack
Live Events Microsoft has issued an alert about "active attacks" on server software used by government agencies and businesses to share documents within organizations, and recommended security updates that customers should apply FBI said on Sunday it is aware of the attacks and is working closely with its federal and private-sector partners, but offered no other an alert issued on Saturday, Microsoft said the vulnerabilities apply only to SharePoint servers used within organizations. It said that SharePoint Online in Microsoft 365, which is in the cloud, was not hit by the attacks."We've been coordinating closely with CISA, DOD Cyber Defense Command and key cybersecurity partners globally throughout our response," a Microsoft spokesperson said, adding that the company had issued security updates and urged customers to install them Washington Post, which first reported the hacks, said unidentified actors in the past few days had exploited a flaw to launch an attack that targeted U.S. and international agencies and hack is known as a "zero day" attack because it targeted a previously unknown vulnerability, the newspaper said, quoting experts. Tens of thousands of servers were at the alert, Microsoft said that a vulnerability "allows an authorized attacker to perform spoofing over a network." It issued recommendations to stop the attackers from exploiting a spoofing attack , an actor can manipulate financial markets or agencies by hiding the actor's identity and appearing to be a trusted person, organization or Microsoft said it is working on updates to 2016 and 2019 versions of SharePoint. If customers cannot enable recommended malware protection, they should disconnect their servers from the internet until a security update is available, it added.
