BRIGADE

March 18 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• SUBSIDIARY ZOIROS PROJECTS ALLOTTED SHARES TO CO AND GRUHAS PROPTECH LLP

• ZPPL SHAREHOLDING NOW 50% BRIGADE, 50% GRUHAS

  
  

Source text: [ID:]

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March 14 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE - LAUNCHED BRIGADE ETERNIA, A RESIDENTIAL PROJECT

• BRIGADE - PROJECT HAS A REVENUE POTENTIAL OF OVER 27 BILLION RUPEES

• BRIGADE - PROJECT TO BE COMPLETED BY MARCH 31, 2030

Source text: ID:nBSE3Pdwmv

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March 13 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE ENTERPRISES - BRIGADE GROUP LAUNCHES PREMIUM RESIDENTIAL PROJECT EBONY AT BRIGADE ORCHARDS

• BRIGADE ENTERPRISES LTD - PROJECT LOCATED IN DEVANAHALLI

• BRIGADE ENTERPRISES LTD - PROJECT HAS REVENUE POTENTIAL OF OVER 3.80 BILLION RUPEES

Source text: ID:nNSE37qpt9

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March 6 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE ENTERPRISES LTD - GROUP LAUNCHES BRIGADE ALTIUS WITH 17 BILLION RUPEES REVENUE POTENTIAL

Source text: ID:nBSE6Dfn67

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** Shares of Brigade Enterprises BRIG.NS rise 3.3% to 1,129 rupees

** Stock top pct gainer on the Nifty realty index .NIFTYREAL, which is up 1.3%

** Real estate developer's Q3 consol net profit more than trebles, driven by rising demand for luxury homes, office spaces

** Avg of analysts' rating on stock is "strong buy" vs "buy" on peers Oberoi Realty OEBO.NS, Godrej Properties GODR.NS; their median PT on BRIG is 1,450 rupees - LSEG data

** Stock rose 38.6% in 2024 vs 34% gain in Nifty realty index

(Reporting by Aleef Jahan in Bengaluru)

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Jan 29 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• Q3 CONSOL NET PROFIT 2.36 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 14.64 BILLION RUPEES

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Jan 8 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• ANNOUNCED LAUNCH OF BRIGADE GATEWAY AT NEOPOLIS, KOKAPET, HYDERABAD

• PROJECT WILL HAVE SALES POTENTIAL OF 33 BILLION RUPEES

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Jan 2 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE ENTERPRISES LTD - SUBSIDIARIES ACQUIRE 51% STAKE IN ANANTHAY PROPERTIES

• BRIGADE ENTERPRISES LTD - ACQUISITION COST 19.4 MILLION RUPEES

Source text: ID:nNSE9nBgl9

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Dec 18 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• LAUNCHES BRIGADE CITRINE RESIDENTIAL PROJECT

• PROJECT ESTIMATED GDV OF 5 BILLION RUPEES

Source text: ID:nNSEbQ7F8C

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** Apartment launch pipelines by Indian homebuilders are strong for second half of ongoing fiscal year, says brokerage Nuvama

** Brokerage's top picks are Bengaluru-focussed developers Brigade Enterprises BRIG.NS and Prestige Estates Projects PREG.NS

** On the day BRIG up 2.1%, PREG rises 1.8%

** New launches should lead to ramp up in bookings amid low inventory levels and two straight quarters of weakness (Q1 and Q2) - Nuvama

** October launches "decent" across geographies - Nuvama

** Developers have ramped up land capex Y/Y in FY25, utilizing "virtually entire operating cash flows" while debt remained comfortable, which bodes well for growth in next 6-8 quarters, says brokerage

** YTD, shares of BRIG up 38.6% and PREG up 41.2% compared to 31.6% gain in the Nifty Realty Index .NIFTYREAL

(Reporting by Hritam Mukherjee and Ananta Agarwal in Bengaluru)

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** Shares of India's Brigade Enterprises BRIG.NS drop 2% to 1,051 rupees

** Property developer posted Q2 profit slide on delayed launches in key Bengaluru market

** On the day, BRIG only loser in ten-member Nifty realty index .NIFTYREAL, which is up ~1%

** YTD stock has gained ~19%

(Reporting by Hritam Mukherjee in Bengaluru)

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Nov 13 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE ENTERPRISES Q2 CONSOL NET PROFIT 1.19 BILLION RUPEES

• BRIGADE ENTERPRISES Q2 CONSOL REVENUE FROM OPERATIONS 10.72 BILLION RUPEES

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Nov 7 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE SIGNS JDA TO DEVELOP 1 MILLION SFT RESIDENTIAL APARTMENTS IN WEST CHENNAI

• PROJECT TO HAVE A GDV OF ABOUT 8 BILLION RUPEES

Source text: ID:nBSE49fKcJ

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Oct 30 (Reuters) -

• BRIGADE HOTEL VENTURES FILES FOR IPO - DRAFT PAPERS

• BRIGADE HOTEL VENTURES IPO: FRESH ISSUE OF SHARES WORTH UP TO 9 BILLION RUPEES

• BRIGADE HOTEL VENTURES IPO: JM FINANCIAL, ICICI SECURITIES AMONG BOOKRUNNING LEAD MANAGERS

• BRIGADE HOTEL VENTURES IPO: NET PROCEEDS TO BE USED FOR REPAYMENT, BUYING LAND

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Sept 9 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• LETTERS RELATING TO BUYING OPPORTUNITIES OF CO'S SHARES AT A DISCOUNT ARE FAKE

• COMPANY HAS NOT PROMOTED/AUTHORISED ANY TRADING PLAN

• CO IN PROCESS OF TAKING LEGAL ACTION AGAINST "UNSCRUPULOUS ELEMENTS"

Source text for Eikon: ID:nBSEbwJzVB

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Aug 16 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE - BRIGADE GROUP PARTNERS WITH ABCOFFEE

Source text for Eikon: ID:nBSEqF0C2

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** India's Nifty realty index .NIFTYREAL adds ~1.5%, extends gains into second straight session

** India eases new property tax rules to now allow individuals to also opt for property sales with indexation benefits, or for new rule of sales without indexation benefits

** Before the 2-day rally, realty stocks had slid ~9% in 10 sessions since new rule was made mandatory in budget on July 23

** The 2-day rally cuts losses since budget day to ~7%, while the benchmark Nifty 50 .NSEI has dropped ~1%

** All 10 realty index members trading higher on the day, led by DLF's DLF.NS 2.7% increase

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of India's Brigade Enterprises BRIG.NS jump ~5% to 1175 rupees, cooling off an 11% surge earlier

** BRIG top gainer on Nifty realty index .NIFTYREAL, which adds 2.7% on the day

** Property developer's Q1 profit more than doubled, rev jumped ~65%

** Stock set to rise for the first session in three, if gains hold

** YTD stock had risen 25%, tracking similar gains in NIFTYREAL

(Reporting by Hritam Mukherjee in Bengaluru)

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Aug 5 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• Q1 CONSOL NET PROFIT 837.2 MILLION RUPEES

• Q1 CONSOL REVENUE FROM OPERATIONS 10.78 BILLION RUPEES

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July 29 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• UNIT INCORPORATED LLP WITH INITIAL CAPITAL CONTRIBUTION OF 6.7 MILLION RUPEES

Source text for Eikon: ID:nBSE6mn6vr

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Updates

** India's Nifty realty index .NIFTYREAL reverses early gains to trade 3.2% lower, on track for worst day since June 4

** Government cuts long term capital gains tax (LTCG) on property sales to 20% (with indexation) to 12.5% (without indexation)

** Indexation allows raising the purchase price of an investment to adjust for inflation, which would mean a lower profit at sale, leading to lower taxes

** The indexation removal could lead to higher taxable gains, especially for properties held for a long time, said Amit Maheshwari, tax partner at AKM Global

** DLF DLF.NS fall 4.5%, while Brigade BRIG.NS, Macrotech MACE.NS and Godrej Properties GODR.NS drop 3.5%-4%

** Realty stocks had risen earlier after the government allocated 10 trln rupees ($119.6 bln) in urban housing boost

($1 = 83.6410 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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July 11 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE GROUP LAUNCHES COBALT AT BRIGADE EI DORADO

• PROJECT HAS REVENUE POTENTIAL OF OVER 4 BILLION RUPEES

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** Shares of Brigade Enterprises BRIG.NS up 3.2% at 1,412 rupees, rising for 4th straight day

** BRIG top gainer on Nifty Realty Index .NIFTYREAL, which is up 0.71%

** Brigade to develop 8 acres residential project in Bengaluru with a gross development value of 11 bln rupees ($132 mln)

** Avg rating of 11 analysts is "buy", median PT 1,303.5 rupees - LSEG data

** BRIG has jumped ~57%, making it the 4th best performer on realty index

($1 = 83.5200 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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July 3 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE GROUP TO DEVELOP 8 ACRES RESIDENTIAL PROJECT ON TUMKUR ROAD, BENGALURU

• GROSS DEVELOPMENT VALUE OF 11 BILLION RUPEES

• SIGNED A JOINT DEVELOPMENT AGREEMENT FOR A RESIDENTIAL PROJECT

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** Shares of property developer Godrej Properties GODR.NS rise 3.6% to 3,272 rupees

** Co sells over 2,000 homes worth over 31.50 bln rupees ($377.1 mln) at the launch of its project in Bengaluru

** Co adds this is its most successful launch in terms of value and volume of sales achieved

** Stock among top gainers in Nifty realty index .NIFTYREAL, which is up 1.3%

** Peers Brigade Enterprises BRIG.NS and Sobha SOBH.NS up 2.2% and 4% respectively

** Godrej, rated "buy" on an average, is currently trading higher than median TP of 2,691 rupees of 16 analysts covering the stock - LSEG data

** Stock has risen 62.5% YTD, while BRIG rose ~54% and Sobha ~107%

($1 = 83.5225 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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** Brigade Enterprises BRIG.NS shares up 3.5% to 1,317.95 rupees

** The real estate developer's stock is the top gainer on the Nifty realty index .NIFTYREAL, which is up 0.9%

** Brigade Group said on Wednesday it has signed an agreement worth 1.50 bln rupees (about $18 mln) to develop a third World Trade Center (WTC) tower at Kochi

** Average rating of 11 analysts covering the stock is "buy"; median PT is 1,303.50 rupees - LSEG data

** Including the session's gain, the stock is up 52% YTD, outperforming the benchmark Nifty Realty Index, which is up 44%

($1 = 83.4425 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** India's Nifty realty index .NIFTYREAL sheds ~3%, eyes worst day since June 4

** NIFTYREAL set to snap three straight sessions of gains if trends hold, among eight sub-indexes falling on the day

** Reuters could not immediately determine the reason behind the day's move

** Broader benchmarks gain between 0.3% and 0.6% .BO

** All except Sunteck Realty SUNT.NS in ten-member NIFTYREAL logging declines

** Heaviest stock on the index - DLF DLF.NS - set to break nine-session gaining run, last down 2.1%

** Brigade Enterprises BRIG.NS, Sobha SOBH.NS, Prestige Estates Projects PREG.NS - top three pct losers on the index

** BRIG, SOBH, PREG shed between 3.4%-3.7%

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Prestige Estates Projects PREG.NS up 2.4% to a record high of 1,891.75 rupees

** The real estate co is expecting a valuation of 170 bln rupees ($2.04 bln) to 200 bln rupees for the IPO of its hotel business, CNBC-TV18 reported, citing sources

** PREG is seeking to raise close to 20 bln rupees to 30 bln rupees through its IPO of the hotel business, the report added

** The company did not confirm or deny the report on a Reuters' request for comment

** Stock is among top percentage gainers on the Nifty realty index .NIFTYREAL, which is up 2%

** Analysts' avg rating on stock is "Buy", in line with rating on peer Brigade Enterprises BRIG.NS, while DLF is rated "Hold", per LSEG data

** Including session's gains, stock is up 60% YTD vs ~43% rise in NIFTYREAL

($1 = 83.5341 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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June 12 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• LAUNCH OF BRIGADE ICON RESIDENCES

• BRIGADE GROUP TO INVEST 80 BILLION RUPEES IN CHENNAI; TO LAUNCH 15 MN SQFT BY 2030

• GROSS DEVELOPMENT VALUE OF RESIDENTIAL PROJECTS ALONE ESTIMATED TO BE OVER 130 BILLION RUPEES

Source text for Eikon: ID:nNSE1F1v0v

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** Indian benchmarks NSE Nifty 50 Index .NSEI and S&P BSE Sensex .BSESN up 0.4% each after posting their best session in over three years on Wednesday

** More domestically focussed small-cap .NIFSMCP100 and mid-cap .NIFMDCP100 gain ~2% each, outperforming benchmarks

** State-run companies .NIFTYPSE and state-run banks .NIFTYPSU advance ~3% each, top sectoral gainers on expectations of continued capex spending from new govt

** Nifty realty index .NIFTYREAL adds 3.9%, driven by ~11% and ~6% gains in Brigade Enterprises BRIG.NS and Mactrotech Developers MACE.NS, respectively

** Volatility eases further on the day with Nifty volatility index .NIFVIX at 17.59, lowest since early May

** Indian home financiers like Aavas Financiers AVAS.NS, PNB Housing Finance PNBH.NS and LIC Housing Finance LICH.NS rise 3-5%

** Jefferies expects Modi-led coalition govt to announce affordable housing scheme in upcoming budget

** In the near term, we have stability but political developments will continue to weigh on markets - V K Vijayakumar, chief investment strategist, Geojit Financial Services

** Auto parts maker Uno Minda UNOI.NS up 14% on deal to make EV parts

(Reporting by Dimpal Gulwani in Bengaluru)

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