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Brigade Enterprises Gains 3%; BSE REALTY Index Up 1.0%
Tue, 3 Sep 9:31

Brigade Enterprises Gains 3%; BSE REALTY Index Up 1.0%Image source: Kameleon007 /www.istockphoto.com

Brigade Enterprises share price has zoomed 3% and is presently trading at Rs 1,277.0.

Meanwhile, the BSE REALTY index is at 8,288.4 (up 1.0%).

Among the top gainers in the BSE REALTY index today are SUNTECK REALTY (up 3.3%) and Sobha (up 2.9%).

Over the last one year, Brigade Enterprises has moved up from Rs 595.7 to Rs 1,277.0, registering a gain of Rs 681.3 (up 114.4%).

On the other hand, the BSE REALTY index has moved up from 4,438.1 to 8,288.4, registering a gain of 86.8% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 200.3%), PRESTIGE ESTATES (up 197.7%) and Brigade Enterprises (up 114.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,493.2 (down 0.1%).

The top losers among the BSE Sensex today are Bajaj Finance (down 1.2%) and Bajaj Finserv (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,267.2 (down 0.1%). Bajaj Finance and Bajaj Finserv are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,087.3 to 82,493.2, registering a gain of 17,405.9 points (up 26.7%).

Brigade Enterprises Financial Update...

Brigade Enterprises net profit grew 267.9% YoY to Rs 805 million for the quarter ended June 2024, compared to a profit of Rs 219 million a year ago. Net sales rose 64.8% to Rs 10,777 million during the period as against Rs 6,540 million in April-June 2023.

For the year ended March 2024, Brigade Enterprises reported 80.5% increase in net profit to Rs 4,010 million compared to net profit of Rs 2,222 million during FY23. Revenue of the company grew 42.2% to Rs 48,967 million during FY24.

The current Price to earnings ratio of Brigade Enterprises, based on rolling 12 month earnings, stands at 64.2.


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