The stock of Bengaluru-based realty major Brigade Enterprises is up 16 per cent over the last three months, even after Friday's fall, led by a decline in the broader markets.
The gains came on the back of record sales in the last quarter, a strong pipeline of launches, improved leasing and a robust booking guidance for FY25. After its Q4FY24 results and multiple launches, the company saw a slew of upgrades. What stood out both in the March quarter and FY24 was a strong show in all its key segments residential real estate, rentals and hospitality. Led by improved pricing in launched projects, a robust 6.18 million square feet of new launches and strong sales traction, the company ended FY24 with its highest-ever bookings of ₹6,013 crore. This was 46 per cent higher than the year-ago quarter.
This story is from the August 03, 2024 edition of Business Standard.
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This story is from the August 03, 2024 edition of Business Standard.
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