Brigade Enterprises inches up on inking joint development agreement with United Oxygen Company
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Brigade Enterprises is currently trading at Rs. 945.75, up by 2.65 points or 0.28% from its previous closing of Rs. 943.10 on the BSE.
The scrip opened at Rs. 962.00 and has touched a high and low of Rs. 967.80 and Rs. 940.05 respectively. So far 1569 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1107.65 on 07-Feb-2024 and a 52 week low of Rs. 463.50 on 06-Apr-2023.
Last one week high and low of the scrip stood at Rs. 967.80 and Rs. 937.25 respectively. The current market cap of the company is Rs. 21794.91 crore.
The promoters holding in the company stood at 43.75%, while Institutions and Non-Institutions held 38.74% and 17.51% respectively.
Brigade Enterprises has signed a Joint Development Agreement (JDA) with United Oxygen Company to develop a ‘Grade A’ office space on ITPL Road, Whitefield in East Bengaluru. The project will have a leasable area of 3.0 lakh sq. ft., and a Gross Development Value (GDV) of around Rs 340 crore.
Brigade Enterprises is engaged in developing residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing a number of serviced apartments under the brand, Brigade Homestead.
