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Brigade Enterprises jumps on incorporating wholly owned Subsidiary company

23 Sep 2021 Evaluate

Brigade Enterprises is currently trading at Rs. 417.95, up by 12.40 points or 3.06% from its previous closing of Rs. 405.55 on the BSE.

The scrip opened at Rs. 407.00 and has touched a high and low of Rs. 425.20 and Rs. 401.10 respectively. So far 34974 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 425.20 on 22-Sep-2021 and a 52 week low of Rs. 154.50 on 19-Oct-2020.

Last one week high and low of the scrip stood at Rs. 154.50 and Rs. 359.05 respectively. The current market cap of the company is Rs. 9474.31 crore.

The promoters holding in the company stood at 44.11%, while Institutions and Non-Institutions held 38.09% and 17.80% respectively.

Brigade Enterprises has incorporated wholly owned Subsidiary company namely ‘Tetrarch Developers’. The company has incorporated wholly owned Subsidiary company to undertake Real Estate development business.

Brigade Enterprises is engaged in developing residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing a number of serviced apartments under the brand, Brigade Homestead.

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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