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Why investors are buying Brigade Enterprises shares today? Check here
The northward move in the Brigade Enterprises shares came on the back of the news that the company has signed a joint development agreement for a plotted development project in Malur, East Bengaluru
SI Reporter New Delhi
Brigade Enterprises shares price today: Shares of Residential and Commercial Projects maker Brigade Enterprises were in demand on the bourses on Tuesday, April 22. The company's share price advanced 2.76 per cent to ₹1,035.90 per share on the NSE during intra-day trade on Tuesday.
The northward move in the Brigade Enterprises share price came on the back of the news that the company has signed a joint development agreement for a plotted development project in Malur, East Bengaluru spanning approximately 20 acres. "The gross development value of the project is around ₹ 175 crores with a total development potential of 0.45 million square feet," the company said in a release.
Established in 1986, Brigade Group is a property developer primarily engaged in real estate development, leasing, and hospitality and related services in South India. With a presence across South India, including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and Gift City in Gujarat, Brigade has been instrumental in shaping skylines and developing iconic properties. Their portfolio includes Residential, Office, Retail, and Hospitality sectors. Brigade Enterprises' market capitalisation stands at ₹25,077.72 crore on the NSE.
Brigade Enterprises share price history
Brigade Enterprises shares have exhibited a mixed performance over the past one year. In the last one month, the company's shares have advanced nearly 3 per cent, and 5 per cent in the last one year. Whereas for year-to-date, Brigade Enterprises share price has declined nearly 17 per cent. In contrast, the benchmark Nifty50 has advanced nearly 2 per cent this year.
Brigade Enterprises shares continue to trend higher on the bourses on Monday. At around 12:10 PM, Brigade Enterprises shares were quoted at ₹1,027.25 apiece, up 1.86 per cent from their previous close of ₹1,008.50 on the BSE. A combined total of nearly 0.17 million equity shares of Brigade Enterprises, estimated to be valued at around ₹18.23 crore, have exchanged hands on the NSE and BSE.
Sensex, Nifty today
The benchmark domestic indices too were trading in the positive territory on Tuesday. At the time of writing the news, the BSE Sensex was trading higher by 269 points or 0.34 per cent at 79,678, and the Nifty50 was at 24,194 levels, up 69 points, or 0.29 per cent.
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