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Brigade Enterprises Plunges 6%; BSE REALTY Index Down 3.2%
Mon, 4 Nov 13:12

Brigade Enterprises Plunges 6%; BSE REALTY Index Down 3.2%Image source: peterschreiber.media/www.istockphoto.com

Brigade Enterprises share price has plunged 6% and is presently trading at Rs 1,178.0.

Meanwhile, the BSE REALTY index is at 7,655.5 (down 3.2%).

Among the top losers in the BSE REALTY index today are PRESTIGE ESTATES (down 4.2%) and DLF (down 4.1%).

Over the last one year, Brigade Enterprises has moved up from Rs 615.0 to Rs 1,178.0, registering a gain of Rs 563.0 (up 91.5%).

On the other hand, the BSE REALTY index has moved up from 4,776.6 to 7,655.5, registering a gain of 60.3% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 125.4%), PRESTIGE ESTATES (up 108.4%) and Brigade Enterprises (up 91.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 78,480.3 (down 1.7%).

The top losers among the BSE Sensex today are Bajaj Finserv (down 3.9%) and MUNDRA PORT & SEZ (down 3.7%). The most traded stocks in the BSE Sensex are ICICI Bank and Tata Steel.

In the meantime, NSE Nifty is at 23,897.6 (down 1.7%). Hero Motocorp and Bajaj Auto are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,874.9 to 78,480.3, registering a gain of 14,605.4 points (up 22.9%).

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 62.6.


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