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Brigade Enterprises Gains 6%; BSE REALTY Index Up 1.8%
Tue, 6 Aug 10:45

Brigade Enterprises Gains 6%; BSE REALTY Index Up 1.8%Image source: Sakorn BernardaSv/www.istockphoto.com

Brigade Enterprises share price has zoomed 6% and is presently trading at Rs 1,187.0.

Meanwhile, the BSE REALTY index is at 7,897.3 (up 1.8%).

Among the top gainers in the BSE REALTY index today are Godrej Properties (up 3.6%) and INDIABULLS REAL EST (up 2.8%).

MAHINDRA LIFESPACE (down 1.0%) and SUNTECK REALTY (down 0.2%) are among the top losers today.

Over the last one year, Brigade Enterprises has moved up from Rs 573.9 to Rs 1,187.0, registering a gain of Rs 613.1 (up 106.8%).

On the other hand, the BSE REALTY index has moved up from 4,392.3 to 7,897.3, registering a gain of 79.8% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 201.2%), PRESTIGE ESTATES (up 188.9%) and Brigade Enterprises (up 106.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,153.9 (up 0.5%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 2.2%) and JSW Steel (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,176.3 (up 0.5%). Tech Mahindra and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 79,153.9, registering a gain of 13,371.1 points (up 20.3%).

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 59.7.


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