The Economic Times daily newspaper is available online now.

    Buy Brigade Enterprises, target price Rs 632: HDFC Securities

    Synopsis

    Brigade Enterprises Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 11720.84 Crore) operating in Real Estate sector.

    brigadeiStock
    Promoters held 43.82 per cent stake in the company as of 30-Sep-2022, while FIIs owned 13.31 per cent, DIIs 25.28 per cent.
    HDFC Securities has buy call on Brigade Enterprises with a target price of Rs 632. The current market price of Brigade Enterprises is Rs 509.25.

    Brigade Enterprises Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 11720.84 Crore) operating in Real Estate sector.

    Brigade Enterprises Ltd. key Products/Revenue Segments include Income From Real Estate Development, Lease Rentals, Other Services, Other Operating Revenue for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 912.19 Crore, down -.88 % from last quarter Total Income of Rs 920.28 Crore and up 17.54 % from last year same quarter Total Income of Rs 776.08 Crore. Company reported net profit after tax of Rs 51.75 Crore in latest quarter.

    Investment Rationale
    Given BEL’s strong cash position of INR 18bn, a robust business development pipeline, and a healthy balance sheet, the brokerage remains constructive.

    Promoter/FII Holdings
    Promoters held 43.82 per cent stake in the company as of 30-Sep-2022, while FIIs owned 13.31 per cent, DIIs 25.28 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in