Not luxury, majority of Brigade Enterprises sales will come from mid-income housing: CFO
“We are one of the zero debt companies in real estate that has commercial as well as residential sales. We continue to have zero debt because sales are good, working capital cycles are good. Whatever debt is there, is in LRD, which is Rs 3,200 crore and some in hospitality.”
Brigade Enterprises buys Land across Hyderabad and Chennai
In a recent purchase, the company bought a piece of land in Neopolis, Kokapet, Hyderabad for Rs 660 crore for a 9.7-acre plot, which translates to around Rs 68 crore per acre. The company will primarily build residential properties on this expanse of land spanning one million square feet.
Brigade Enterprises acquires 6.54-acre land parcel in Chennai from Pfizer at Rs 139 crore
In a regulatory filing on Tuesday, Brigade Enterprises said "6.54 acres of land parcel...was acquired from Pfizer Healthcare India Pvt Ltd for an overall consideration of Rs 138.83." "We will be developing a residential project on this land parcel with an overall development of over one million square foot," it added.
Trident, Uno Minda among 10 stocks with RSI trending up
In this article, we dive into the significance of RSI in assessing stock movements, offering insights into a recent trend report. Highlighting the importance of RSI-based decision-making, we explore ten stocks that have experienced an RSI trending up, potentially shaping investment strategies.
Brigade Enterprises falls 4% as Q1 net profit, revenue dip
The real-estate company's revenue also fell 21 percent year-on-year to Rs 685 crore in Q1FY24. Meanwhile, its net sales from residential projects rose 33 percent YoY to Rs 991 crore in the same period.
Corporate actions this week: L&T, Maruti Suzuki to go ex-dividend, Piramal Pharma right issue and more
Several Indian companies will trade ex-dividend this week, including L&T, Crisil, Coforge, Maruti Suzuki, and Kotak Mahindra Bank. Ex-dividend is when the equity-share price of a company is adjusted for the dividend payout, occurring one or two working days before the record date. The record date lists all shareholders that will qualify for dividends by the record's end.
Major real estate developers in India have seen their liquidity and credit profiles improve despite the Covid-19 pandemic, thanks to strong sales momentum in the housing market. Collections and realizations have climbed for major developers across India's top property markets, giving them added strength in leveraging their credit profiles. Companies like DLF, Godrej Properties and Oberoi Realty have seen their gross debts decline by over 42% since the pandemic began in 2019.
Paytm, Balkrishna Industries among 10 stocks with RSI trending up
The Relative Strength Index (RSI) is a technical indicator that measures recent price changes in a stock, helping investors analyze stock movements to make informed investment decisions. A reading above 70 indicates overbought conditions, and below 30 suggests oversold conditions.
Two stocks Parvez Qazi is bullish on from real estate space
Ideally, you should look at cash flows because they give you a better idea about the current financial performance of these companies. So when you look at the cash flow metrics, most of these stocks are currently trading on par with their NAV, which is, you would consider fair considering that the housing cycle is in an upturn and most of these companies are reporting very strong operating numbers.