Brigade Enterprises rises as its group signs deal to develop prime land in Mysuru
Brigade Enterprises is currently trading at Rs. 915.35, up by 17.25 points or 1.92% from its previous closing of Rs. 898.10 on the BSE.
The scrip opened at Rs. 920.05 and has touched a high and low of Rs. 939.80 and Rs. 909.40 respectively. So far 9239 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1451.90 on 25-Jun-2024 and a 52 week low of Rs. 812.85 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1000.10 and Rs. 812.85 respectively. The current market cap of the company is Rs. 22567.99 crore.
The promoters holding in the company stood at 41.37%, while Institutions and Non-Institutions held 43.17% and 15.49% respectively.
Brigade Group has signed a deal to develop 10 acres and 37 guntas of prime land in Mysuru through a Joint Development Agreement (JDA). This strategic acquisition marks another milestone in Brigade’s commitment to expanding its presence in Mysuru, which already has about 30 projects across Residential, Office, Retail and Hospitality.
The project, with a gross development value (GDV) of around Rs 225 crore and a total development potential of 0.37 million square feet, is set to redefine premium residential living in the region. The development will feature premium plots spanning over 8 acres, and premium apartments spread over 2 acres. The project is strategically located in the heart of Mysuru and is designed to cater to the aspirations of modern homebuyers seeking a harmonious blend of luxury, convenience, and community living.
This project is located with excellent access to the Bengaluru-Mysuru highway, making it both a convenient and aspirational address.
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.
