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.
هذه القصة مأخوذة من طبعة August 03, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 03, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
FY25 as weak-earnings year is gradually getting priced in
Even as many blame record foreign portfolio outflows for the market downturn, the real culprit is weak earnings amid rich valuations, says GAUTAM CHHAOCHHARIA, head of global markets, India, UBS. In an interview with Samie Modak in Mumbai ahead of the UBS India Summit, Chhaochharia highlights that 2024-25 (FY25) weak earnings growth is now factoring into market expectations. Investors are shifting their focus to the actions of the Reserve Bank of India (RBI) and the central government, as well as the outcome of upcoming state elections. Edited excerpts:
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India must consider entering CPTPP, RCEP
