The key momentum oscillators of these four NSE smallcap stocks are showing a negative divergence; hence these stocks are likely to trade with a downward bias in the near term.
Shankar highlights the factors behind the company's revenue growth, the best-performing segments, and the status of their project pipeline
Stocks to watch on May 29: Wockhardt reported its Q4 earnings, disclosing a net loss of Rs 177 crore compared to a loss of Rs 237 crore YoY
In FY24, Brigade launched 5.26 million square feet in the residential sector and 0.94 million square feet in the commercial sector
Stocks to watch on May 10, 2024: Paytm has denied media reports about its lending partners invoking loan guarantees due to repayment defaults
Realty firm Brigade Enterprises Ltd on Tuesday reported a 46 per cent annual increase in its sale bookings to record Rs 6,013 crore in the last fiscal year, mainly due to better demand for its housing projects. Its sale bookings stood at Rs 4,109 crore in the 2022-23 fiscal. In a statement, Brigade Enterprises said it has achieved pre-sales of Rs 6,013 crore in FY24 and Rs 2,243 crore in the fourth quarter of FY24 the highest ever for both in terms of a quarter as well as financial year. Average sales realisation rose 23 per cent annually last fiscal year. "The residential business continued to drive sales growth, with all other verticals of the company contributing significantly and finishing strong in the financial year," Pavitra Shankar, Managing Director of Brigade Enterprises, said. The company has been able to achieve its best-ever operational performance last fiscal, she said. "we aim to leverage this performance in FY25. Our outlook is optimistic, as we believe demand fo
Stocks to watch on Tuesday, April 16, 2024: Balrampur Chini, Bandhan Bank, Exide, GNFC, Hind Copper, India Cement, Metropolis, National Aluminium, PEL, SAIL and Zee are the 11 stocks in F&O ban today.
Realty firm Brigade Enterprises Ltd on Monday said it will invest Rs 400 crore to build an office complex in Chennai. In a statement on Monday, Bengaluru-based Brigade Enterprises said it has entered into a Joint Development Agreement (JDA) with Agni Estates & Foundations Pvt Ltd to develop 'Brigade Tech Boulevard', a 'Grade A' office space on Pallavaram-Thoraipakkam Radial Road, in Chennai. "With an investment of around Rs 400 crore, the project will have a leasable area of 8.36 lakh square feet spread across two towers," it added. This will be the next commercial project launched by Brigade Group after the successful completion of the 'World Trade Centre' on OMR. Nirupa Shankar, Joint Managing Director, Brigade Enterprises, said, "Chennai is a diverse office market with demand from not only IT and ITeS sector but also from several other industry verticals including engineering, automotive and banking, etc." Offices that conform to sustainability, with seamlessly integrated ...
In the real estate segment, Brigade achieved its strongest performance ever for Q3 of a financial year with sales of 1.7 million square feet with a sale value of Rs 1,524 crore
Since November, the stock of the real estate company has zoomed 60 per cent as it had reported a strong operational performance for the September quarter (Q2FY24)
Former hospitality and real estate professional Siddharth Verma has been appointed general manager (GM) to oversee the planned expansion of BuzzWorks
Project estimated to yield revenue of Rs 2,100 crore on completion
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Under real estate, Brigade caters to both residential and commercial spaces. Brigade provides the largest commercial space in Bengaluru at 3.5 million square feet
With a robust pipeline of launches in Bengaluru, Chennai, and Hyderabad, the management is confident that the company will sustain the momentum going forward
In Q2 FY24, Brigade reported an incremental leasing of 3 lakh square feet recording a five-time increase in quarter-on-quarter
Revenue from real estate, its largest unit, rose 70% to Rs 1,034 crore
Real estate consulting firm Anarock said in July factors like inflation, any potential rise in interest rates and corporate layoffs could weigh on growth in the next two quarters
Realty firm Brigade Enterprises will launch 10 housing projects this fiscal across Bengaluru and Chennai with an estimated construction cost of Rs 3,000 crore as it looks to encash rising demand for residential properties, its MD Pavitra Shankar said. In an interview with PTI, she sounded extremely bullish on India's residential market and said the company would like to grow housing sales by 15-20 per cent during the current 2023-24 fiscal. "Overall, the last financial year was very good, primarily driven by our residential and hospitality business. Things in retail were also very good and office was quite stable," Pavitra said. Bengaluru-based Brigade Enterprises achieved a record sales bookings of Rs 4,109 crore, mostly housing with small portion of commercial properties, a 36 per cent growth from the 2021-22 financial year. In terms of area also, sales bookings grew by 34 per cent to a record 6.3 million square feet. "I think it's reflective of general demand by customers," sh
Stocks to watch on May 25, 2023: AIA Engineering, eClerx, GSFC, Voda Idea, IEX, IFCI, Page Inds, SAIL, Strides Pharma, and Zee among prominent companies scheduled to announce Q4 results on Thursday.