Add Brigade Enterprises, target price Rs 1169: ICICI Securities

ICICI Securities has add call on Brigade Enterprises with a target price of Rs 1169. The current market price of Brigade Enterprises is Rs 997.5.

Brigade Enterprises Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 23039.03 Crore) operating in Real Estate sector.

Brigade Enterprises Ltd. key Products/Revenue Segments include Income From Real Estate Development, Lease Rentals, Other Services, Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1208.18 Crore, down -14.19 % from last quarter Total Income of Rs 1407.92 Crore and up 40.71 % from last year same quarter Total Income of Rs 858.63 Crore. Company reported net profit after tax of Rs 55.79 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 43.75 per cent stake in the company as of 31-Dec-2023, while FIIs owned 13.73 per cent, DIIs 25.01 per cent.