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Brigade shines on signing MoU with rental solutions provider 'NestAway'

23 Sep 2016 Evaluate

Brigade Enterprises is currently trading at Rs. 183.50, up by 8.20 points or 4.68% from its previous closing of Rs. 175.30 on the BSE.

The scrip opened at Rs. 176.70 and has touched a high and low of Rs. 188.95 and Rs. 175.90 respectively. So far 32745 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 188.95 on 23-Sept-2016 and a 52 week low of Rs. 123.50 on 13-Jan-2016.

Last one week high and low of the scrip stood at Rs. 188.95 and Rs. 173.00 respectively. The current market cap of the company is Rs. 2072.45 crore.

The promoters holding in the company stood at 56.29%, while institutions and non-institutions held 8.66% and 35.05% respectively.

Brigade Group has signed a Memorandum of Understanding (MoU) with NestAway, a premier rental solutions provider to become the first builder in India to address the commonly-faced rental concerns of its customers on exclusive basis.

Through this collaboration, company will offer comprehensive rental assistance to all of its existing customers as well as over 10,000 apartments in different stages of construction that are currently in the process of being readied for handover, across our projects. Brigade customers will now be able to avail of a rental default guarantee that assures them timely rent.

Brigade Group is one of the India’s leading Real Estate player headquartered in Bangalore has over the past 29 years created many landmarks and innovative projects across South India. It offers property development, property management services, hospitality and education services. The firm develops luxury apartments, integrated enclaves, software and retail facilities, serviced residences, resorts, clubs, schools, hotels, a convention centre and hospitals.

Peers
Company Name CMP
Lodha Developers 1115.10
Prestige EstatesProj 1458.00
Dilip Buildcon 425.25
DLF 631.05
Oberoi Realty 1778.00
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