Brigade Enterprises strengthens on reporting over two fold jump in Q3 net profit

30 Jan 2014

Brigade Enterprises is currently trading at Rs. 58.20, up by 1.75 points or 3.10% from its previous closing of Rs. 56.45 on the BSE.

The scrip opened at Rs. 57.00 and has touched a high and low of Rs. 59.70 and Rs. 56.20 respectively. So far 45783 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.20 on 18-Feb-2013 and a 52 week low of Rs. 45.10 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 61.85 and Rs. 55.60 respectively. The current market cap of the company is Rs. 646.57 crore.

The promoters holding in the company stood at 57.67%, while Institutions and Non-Institutions held 5.49% and 36.84% respectively.

Brigade Enterprises has reported over two fold jump in its net profit at Rs 14.86 crore for the third quarter ended December 31, 2013 as compared to Rs 6.62 crore for the same quarter in the previous year. Total income from operations of the company has increased by 15.96% at Rs 181.97 crore for quarter under review as compared to Rs 156.93 crore for the quarter ended December 31, 2012.

Brigade Enterprises is a flagship company of Brigade Group, which is one of South India's leading property developers. The company has completed 67 residential, commercial, retail and hospitality projects, covering over 6.74 million square feet of developable area.

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Brigade Enterprises Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323