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Brigade Enterprises surges on incorporating wholly owned subsidiary company

23 Feb 2022 Evaluate

Brigade Enterprises is currently trading at Rs. 506.80, up by 13.90 points or 2.82% from its previous closing of Rs. 492.90 on the BSE.

The scrip opened at Rs. 492.00 and has touched a high and low of Rs. 508.40 and Rs. 492.00 respectively. So far 593 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 542.90 on 04-Feb-2022 and a 52 week low of Rs. 230.90 on 23-Apr-2021.

Last one week high and low of the scrip stood at Rs. 508.40 and Rs. 462.90 respectively. The current market cap of the company is Rs. 11351.30 crore.

The promoters holding in the company stood at 43.91%, while Institutions and Non-Institutions held 37.79% and 18.30% respectively.

Brigade Enterprises has incorporated wholly owned subsidiary namely ‘Brigade Real Estate Developers’. The company has incorporated wholly owned subsidiary to undertake real estate development business. The authorized and paid up equity share capital is Rs 1,00,00,000. Nature of consideration is in cash.

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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