The technical analyst from HDFC Securities expects the Nifty to rally towards 17,794 on a breakout above 17,500-level.
Bengaluru-based realty firm Brigade Enterprises Ltd on Thursday reported a consolidated net profit of Rs 78.36 crore for the quarter ended December. The company had posted a net loss of Rs 16.12 crore in the year-ago period. Total income rose to Rs 933.19 crore in the third quarter of this fiscal, from Rs 653.65 crore in the corresponding period of the previous year, according to a regulatory filing.
The company has reported sales of 1.1 million square feet valued at Rs 684 crore during Q3 of FY22
Mehul Kothari of Anand Rathi is bullish on Brigade Enterprises and Laxmi Organic Industries
The firm saw Rs 831 crore in sales value in Q2, up 73% YoY
The Nifty Realty Index can soar up to 15% on hopes of a strong demand for housing this festive season
Most stocks in the real estate segment are set to add more gains in the coming sessions
Bengaluru-based developer Puravankara has initiated a similar increase in prices
Together they sold 21.23 mn sq ft area during first three quarters of FY21 (April-December 2020) despite the first wave of Covid-19, up 2% two over the year-ago period
At 10:52 am, Nifty PSU Bank, Nifty Auto and Nifty Realty indices were trading higher in the range of 1 per cent to 1.5 per cent on the NSE
The firm reported a consolidated net loss of Rs 16.12 crore for the quarter ended December
The company reported a net loss of Rs 53 crore for the period vis-a-vis a net profit of Rs 41 crore in Q1FY20
Office property segment is expected to fare better compared with others, though new leasing is expected to come down sharply. Hotels are also expected to see sharp drop in revenues.
Sales bookings of DLF, Sobha, Puravankara, Prestige Estates, Brigade Enterprises, Mahindra Lifespace Developers, Godrej Properties, Oberoi Realty and Kolte Patil have been taken into account
While Brigade plans to ramp up the number of operating keys in its hospitality business from 1,350 to 2,000 in 24-30 months, it is also looking to add keys beyond 2,000 in the longer run
While Brigade plans to ramp up the number of operating keys in its hospitality business from 1,350 to 2,000 in 24-30 months, it is also looking to add keys beyond 2,000 in the longer run
The stock that hits a new lifetime high attracts more volumes resulting in higher price levels.
The Union Cabinet has approved the setting up of an AIF to revive around 1,600 stalled housing projects across top cities in the country.
The real estate sector has been struggling for the last three years and has not revived since demonetisation and the introduction of good and services tax (GST).
The stock was up 6% at Rs 220, its highest level since September 11, 2018.