Brigade Enterprise Ltd up by 10.18% - Traders Corners | Espresso

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Espresso Shot of the Day - Brigade Enterprise Ltd up by 10.18 percent

March 17, 2022
Espresso Shot of the Day - Brigade Enterprise Ltd up by 10.18 percent

BRIGADE ENTERPRISES LTD 528.65  (+10.18%) BSE – INE791I01019 | 17TH MARCH 2022


The Brigade Group is one of India’s leading property developers. The company has over three decades of expertise in building positive experiences for all stakeholders. Instituted in 1986, the company has developed many landmark buildings and transformed the skyline of cities across South India, namely – Bengaluru, Mysuru, Mangaluru, Chikmagalur, Hyderabad, Chennai, Ahmedabad and Kochi with developments across the Residential, Commercial, Retail, Hospitality and Education sectors. Since its inception, Brigade has completed 250+ buildings amounting to over 70 million sq. ft of developed space across a diverse real estate portfolio. For 11 years in a row, ‘Great Place to Work Institute’ has rated the Brigade Group as one of India’s best companies to work for in the real estate industry. This responsible attitude and innovative mind-set combined with uncompromising quality has, over the years, created a brand of outstanding repute.


Recent Drivers

  • On March 1, 2022 floated three wholly-owned subsidiaries to undertake real estate business.
  • On Feb 27, 2022 company sales bookings increased by 14 per cent to Rs. 1,994.8 crores in the first nine months of this fiscal, mainly on the back of revival in housing demand.
  • On Feb 11, 2022, Brigade Enterprises, along with Singapore sovereign wealth fund GIC, agreed to buy 5.5 acres of prime property along Chennai’s iconic Anna Salai, also known as Mount Road, from TVS Group for over Rs.550 crores.
  • On Feb 3, 2022, the consolidated net profit was Rs.78.36 crores for the quarter ended December
 (Sources:  Business standard, The Hindu, Economic Times)


Technical Force*

  • S&P BSE 500 month till date gain up by 1.67%
  • 3 months avg. NSE volume: 6,00,505
  • Quantity traded: 86,568 | Deliverable quantity: 36,545 (42.22%)
  • Stock price has jumped more than 130% from one-year-low level: 230.90 (April 23, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 542.90 | 52-week-low: 230.90


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

914.77

721.68

605.97

412.88

297.17

104.08

-

     -

Fibonacci Pivot

721.68

603.72

530.84

483.91

412.88

341.86

294.92

222.04

104.08


Today’s Close

528.25

SMA

BSE

10 DAY

462.66

20 DAY

477.22

50 DAY

483.98

200 DAY

414.62


Some Key Ratios (Source: BSE)

Market Cap: 12,162.62 Crores

PE: 37.57

OPM%: 32.15

ROE%: 9.65

Promoters holding%: 43.91

Prev. Close: 479.45


*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.