Brigade Enterprises soars on plan to invest Rs 500 crore in GIFT City as co-developer

20 Oct 2014

Brigade Enterprises is currently trading at Rs. 136.70, up by 6.65 points or 5.11% from its previous closing of Rs. 130.05 on the BSE.

The scrip opened at Rs. 133.35 and has touched a high and low of Rs. 137.00 and Rs. 132.50 respectively. So far 7399 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 160.50 on 16-Sep-2014 and a 52 week low of Rs. 49.70 on 11-Dec-2013.

Last one week high and low of the scrip stood at Rs. 141.90 and Rs. 128.95 respectively. The current market cap of the company is Rs. 1487.34 crore.

The promoters holding in the company stood at 57.67% while Institutions and Non-Institutions held 6.91% and 35.42% respectively.

Brigade Group will invest Rs 500 crore in Gujarat International Finance Tec-City (GIFT City), India’s first globally benchmarked International Financial Services Centre (IFSC) over next few years. The allotment of Development Rights for 1.1 million square feet of Built Up Area (BUA) has been made to the Group for development of Commercial, Residential, Retail Mall and Hotel projects in SEZ & Non-SEZ Area in GIFT City.

The Group has also submitted its interest for taking additional BUA aggregating to 2.8 million square feet of BUA showing its interest to take a long position in development of India’s first Global Financial Hub at GIFT City.

Brigade Group has significant presence in southern India, including cities like Bangalore, Chennai, Hyderabad, Kochi etc. and is known for their high standards and quality of development across various facilities.

Related Brigade Enterprises Ltd. Links:

Brigade Enterprises Share Price

213.55 0.00 (0.00%) Nov 19, 18:01
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 415.45
NBCC (India) 36.90
Sobha 398.00
DLF 215.20
JMC Projects (India) 103.20
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Sensex vs Brigade Enterprises
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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