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Buy Brigade Enterprises Ltd For Target Rs.1,525 By Motilal Oswal Financial Services Ltd Subdued pre-sales growth on account of lower launches * Brigade Enterprise (BEL) reported bookings of INR10.9b in 1QFY25, up 9% YoY (16% below estimate). Sales volume stood at 2.7msf, down 21% YoY. * Aided by the launch of a premium project in Bengaluru, BEL recorded the highest ever quarterly realization of INR9,440 psf, up 38% YoY. * Towards the end of 1Q, the company also launched its much awaited luxury project ‘Brigade Icon’ in Chennai. The project’s ...
Buy Brigade Enterprises Ltd For Target Rs.1,525 By Motilal Oswal Financial Services Ltd
Buy Brigade Enterprises Ltd For Target Rs.1,525 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-08-24 09:32:17 am
Brigade Enterprises soars as its arm incorporates Limited Liability Partnership Brigade Enterprises is currently trading at Rs. 1299.95, up by 24.10 points or 1.89% from its previous closing of Rs. 1275.85 on the BSE. The scrip opened at Rs. 1290.00 and has touched a high and low of Rs. 1312.80 and Rs. 1280.35 respectively. So far 8455 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. 551.00 on 09-Aug-2023. Last one week high and low of the scr...
Brigade Enterprises soars as its arm incorporates Limited Liability Partnership
Brigade Enterprises soars as its arm incorporates Limited Liability Partnership
Source: Accord Fintech
2024-07-30 10:55:39 am
Buy Brigade Enterprises Ltd For Target Rs.1,500By Motilal Oswal Financial Services Beat across parameters Pre-sales up 46% YoY in FY24; gearing up for strong pipeline in FY25 * Brigade Enterprise (BEL) reported pre-sales of INR22.4b, up 51% YoY/47% QoQ and 49% above estimate, driven by the launch of 1.3msf of projects and strong traction in ongoing projects during the sustenance phase. With that, FY24 bookings jumped to over INR60b, up 46% YoY. * Sales volume was up 15% YoY in 4QFY24 to 2.72msf, while realizations were up 31% YoY to ~INR8250/sqft. For FY24, volum...
Buy Brigade Enterprises Ltd For Target Rs.1,500By Motilal Oswal Financial Services
Buy Brigade Enterprises Ltd For Target Rs.1,500By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-03 03:02:15 pm
Sell Brigade Enterprises Ltd. For Target Rs.1,070 - Geojit Financial Services Ltd Strong Pre-sales….Expensive valuation Brigade Enterprises Ltd. (BRGD) is one of India’s leading property developers, with over three decades of expertise. Since its inception, Brigade has completed 280+ buildings, amounting to over 86msf. of developed space across a diverse real estate portfolio. * In Q4FY24, BGRD reported steady pre-sales growth of ~15%, with booking value increasing ~51% YoY. The average realization stood at Rs.8,243 per sft (+31% YoY). * In Q4FY24, re...
Sell Brigade Enterprises Ltd. For Target Rs.1,070 - Geojit Financial Services Ltd
Sell Brigade Enterprises Ltd. For Target Rs.1,070 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-06-17 10:10:23 am
Accumulate Brigade Enterprises Ltd.For Target Rs.1,350 - Elara Capital Strengthening presence in South India Operating performance encouraging Brigade Enterprises (BRGD IN) FY24 presales increased 46% YoY, aided by 5.6msf of new launches and improving average realization – Q4FY24 presales rose 31% YoY, narrowing the gap versus peers in the home market. We expect further levers to average realization and profitability, aided by new land acquisitions by the developer in Bengaluru in FY24. This is likely to command an average pricing of ~INR 10k/sf (IN...
Accumulate Brigade Enterprises Ltd.For Target Rs.1,350 - Elara Capital
Accumulate Brigade Enterprises Ltd.For Target Rs.1,350 - Elara Capital
Source: Elara Capital
2024-06-15 12:01:37 pm
Buy Brigade Enterprise Ltd.for Target Rs.1,250 By Motilal Oswal Financial Services Expanding into newer markets *  In 9MFY24, pre-sales jumped 44% YoY to INR37.7b (90% of FY23 presales). This growth was driven by strong sustained sales, with new launches contributing 50% to the overall pre-sales value in 3QFY24 and 44% in 9MFY24. *  Despite moderation in new launches in 4Q, BRGD is on track to deliver INR53b in pre-sales for FY24, up 28% YoY. This translates into a CAGR of 24% in bookings over FY21-24. *  While Bengaluru has been the focal point of t...
Buy Brigade Enterprise Ltd.for Target Rs.1,250 By Motilal Oswal Financial Services
Buy Brigade Enterprise Ltd.for Target Rs.1,250 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-08 09:30:56 am
Brigade Enterprises surges on inking joint development agreement with Agni Estates & Foundations Brigade Enterprises is currently trading at Rs. 993.65, up by 10.35 points or 1.05% from its previous closing of Rs. 983.30 on the BSE. The scrip opened at Rs. 975.15 and has touched a high and low of Rs. 999.00 and Rs. 975.15 respectively. So far 6971 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. 480.65 on 17-Apr-2023. Last one week high and low of the scrip st...
Brigade Enterprises surges on inking joint development agreement with Agni Estates & Foundations
Brigade Enterprises surges on inking joint development agreement with Agni Estates & Foundations
Source: Accord Fintech
2024-04-16 04:04:06 pm
Brigade Enterprises inches up on inking joint development agreement with United Oxygen Company 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 sto...
Brigade Enterprises inches up on inking joint development agreement with United Oxygen Company
Brigade Enterprises inches up on inking joint development agreement with United Oxygen Company
Source: Accord Fintech
2024-04-04 10:30:51 am
PVP Ventures touches roof on executing JDA with Brigade Enterprises PVP Ventures is locked its upper circuit limit at Rs. 25.01, up by 1.19 points or 5.00% from its previous closing of Rs. 23.82 on the BSE. The scrip opened at Rs. 25.01 and has touched a high and low of Rs. 25.01 and Rs. 25.01 respectively. So far 72064 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.00 on 21-Feb-2024 and a 52 week low of Rs. 5.93 on 28-Mar-2023. Last one week high and low of the scrip stood...
PVP Ventures touches roof on executing JDA with Brigade Enterprises
PVP Ventures touches roof on executing JDA with Brigade Enterprises
Source: Accord Fintech
2024-02-22 10:44:42 am
Accumulate Brigade Enterprises Ltd for Target Rs. 1,153 - Elara Capital Operating performance encouraging Brigade Enterprises (BRGD IN) posted pre-sales volume of 1.7mn sft, up 1% QoQ/11% YoY, of which new launches contributed 50%. It achieved a sale value of INR 15,244mn, up 22% QoQ/51% YoY. BRGD also posted its highest-ever average realization of INR 8,944 per sq ft, reflecting 20% QoQ and 36% YoY growth. This rise can be primarily attributed to higher proportion of premium inventory in sales. In Q3, BRGD launched four projects, with a saleable area of 2.69m...
Accumulate Brigade Enterprises Ltd for Target Rs. 1,153 - Elara Capital
Accumulate Brigade Enterprises Ltd for Target Rs. 1,153 - Elara Capital
Source: Elara Capital
2024-02-08 02:32:27 pm
Brigade Enterprises shines on inking MoUs with Government of Tamil Nadu Brigade Enterprises is currently trading at Rs. 974.30, up by 34.05 points or 3.62% from its previous closing of Rs. 940.25 on the BSE. The scrip opened at Rs. 955.00 and has touched a high and low of Rs. 1000.00 and Rs. 955.00 respectively. So far 25120 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,000.00 on 09-Jan-2024 and a 52 week low of Rs. 430.95 on 13-Jan-2023. Last one week high and low of the scrip...
Brigade Enterprises shines on inking MoUs with Government of Tamil Nadu
Brigade Enterprises shines on inking MoUs with Government of Tamil Nadu
Source: Accord Fintech
2024-01-09 10:25:03 am
Brigade Enterprises moves up on acquiring 4.53% stake in BCV Developers Brigade Enterprises is currently trading at Rs. 882.05, up by 5.00 points or 0.57% from its previous closing of Rs. 877.05 on the BSE. The scrip opened at Rs. 882.65 and has touched a high and low of Rs. 886.50 and Rs. 877.00 respectively. So far 1793 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 933.55 on 01-Dec-2023 and a 52 week low of Rs. 430.95 on 13-Jan-2023. Last one week high and low of the scrip stoo...
Brigade Enterprises moves up on acquiring 4.53% stake in BCV Developers
Brigade Enterprises moves up on acquiring 4.53% stake in BCV Developers
Source: Accord Fintech
2024-01-03 10:39:52 am
India`s Brigade Enterprises Q2 profit jumps on strong housing demand Indian real estate firm Brigade Enterprises reported a 72% rise in second-quarter profit on Wednesday, helped by strong demand for housing projects. The property developer's consolidated net profit rose to 1.34 billion Indian rupees ($16.1 million) from 775.8 million rupees a year earlier. Revenue from real estate, its largest unit, rose 70% to 10.34 billion rupees. For further results highlights, click KEY CONTEXT The Indian real estate sector has seen strong housing deman...
India`s Brigade Enterprises Q2 profit jumps on strong housing demand
India`s Brigade Enterprises Q2 profit jumps on strong housing demand
Source: Reuters
2023-11-09 09:42:12 am
Buy Brigade Enterprises Ltd For Target Rs.695 - ICICI Securities Building a war chest for growthBrigade Enterprises has been beefing up its land reserves so far in YTDFY24 with three large land acquisitions (one each in Hyderabad, Chennai and Bengaluru) having a cumulative estimated GDV of INR53bn. With a residential launch pipeline of ~8msf over the 12 months, we model for residential sales bookings of INR45.8bn in FY24E and INR51.3bn in FY25E. Further, we expect the company to clock rental NOI CAGR of 16% over FY22-25E to INR6.2bn led by lease-up of v...
Buy Brigade Enterprises Ltd For Target Rs.695 - ICICI Securities
Buy Brigade Enterprises Ltd For Target Rs.695 - ICICI Securities
Source: ICICI Securities
2023-09-26 03:27:52 pm