Buy Brigade Enterprises, target price Rs 1525: Motilal Oswal

Motilal Oswal has buy call on Brigade Enterprises Ltd. with a target price of Rs 1525. The current market price of Brigade Enterprises is Rs 1175.

Brigade Enterprises Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 27172.32 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-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1113.44 Crore, down -36.83 % from last quarter Total Income of Rs 1762.62 Crore and up 62.44 % from last year same quarter Total Income of Rs 685.43 Crore. Company reported net profit after tax of Rs 80.53 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 43.72 per cent stake in the company as of 30-Jun-2024, while FIIs owned 16.16 per cent, DIIs 22.86 per cent.