BRIGADE

** Shares of Sobha SOBH.NS up 4% to 1,442.7 rupees
** The property developer's Q4 consol net profit soared nearly six-fold to 408.6 mln rupees ($4.8 mln) on new apartment launches and strong price growth
** Revenues jumped 62.6%
** Stock set to rise for a third straight month
** More than 580,000 shares traded, 3x its 30-day moving avg
** Avg rating of 15 analysts is "buy", median PT is 1,610 rupees, ~11% higher than current price - data compiled by LSEG
** YTD SOBH down ~8%, while rivals Brigade Enterprises BRIG.NS and Prestige Estates Projects PREG.NS down ~12% and ~11%, respectively

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of Brigade Enterprises BRIG.NS rise 2.3% to 1,031.35 rupees

** Brigade Group signs joint agreement for plotted development project at Malur, East Bengaluru

** Project has gross development value of 1.75 bln rupees ($20.6 mln)

** Stock set to gain for sixth straight session

** BRIG down ~17% YTD

($1 = 85.1225 Indian rupees)

(Reporting by Vijay Malkar)

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April 21 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE GROUP SIGNS JDA FOR PLOTTED DEVELOPMENT IN EAST BENGALURU

• GROSS DEVELOPMENT VALUE OF PROJECT IS AROUND 1.75 BILLION RUPEES

Source text: ID:nBSE8JsF0s

Further company coverage: BRIG.NS

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** Brigade Enterprises BRIG.NS climbs 2.7%, among broad market .NSEI rebound after 5.6% drop to 52-week low on Monday

** Gains helped by real estate developer's deal to jointly develop residential project in Mysuru with gross development value of 2.25 bln rupees ($26.2 mln)

** BRIG among top pct gainers on Nifty Realty .NIFTYREAL index, which is up 1.6%

** Stock rated "strong buy" on avg vs "buy" on remaining stocks on 10-member NIFTYREAL

** YTD, BRIG down 26%, tracking NIFTYREAL's 25% decline

($1 = 85.8570 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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** Brigade Enterprises BRIG.NS climbs as much as 6.5% to at 1,057.85 rupees, nearly 6-week high

** Real estate developer buys 4.4-acre land parcel in Bengaluru for premium residential project

** Project's gross development value is 9.5 bln rupees (~$111 mln)

** Over 526,000 shares traded vs 30-day avg of 352,687

** Stock top gainer on Nifty realty index .NIFTYREAL, which is up 0.22%

** BRIG rated "buy" on avg, same as peer Oberoi Realty OEBO.NS and Godrej Properties GODR.NS, per data compiled by LSEG

** YTD, BRIG, OEBO, GODR down 20%, ~28% and 21%, respectively

($1 = 85.6820 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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March 24 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• ACQUIRES LAND WORTH 4.4 ACRES IN WHITEFIELD, BENGALURU

• WILL BUILD PROJECT WITH GROSS DEVELOPMENT VALUE OF 9.50 BILLION RUPEES

Source text: ID:nBSE3jSLrZ

Further company coverage: BRIG.NS

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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:]

Further company coverage: BRIG.NS

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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

Further company coverage: BRIG.NS

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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

Further company coverage: BRIG.NS

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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

Further company coverage: BRIG.NS

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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

Source text: [ID:]

Further company coverage: BRIG.NS

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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

Further company coverage: BRIG.NS

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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

Further company coverage: BRIG.NS

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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

Further company coverage: BRIG.NS

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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

Further company coverage: BRIG.NS

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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

Further company coverage: BRIG.NS

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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

Source text: [ID:]

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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

Further company coverage: BRIG.NS

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

• BRIGADE - BRIGADE GROUP PARTNERS WITH ABCOFFEE

Source text for Eikon: ID:nBSEqF0C2

Further company coverage: BRIG.NS

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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

Further company coverage: BRIG.NS

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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

Further company coverage: BRIG.NS

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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

Further company coverage: BRIG.NS

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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

Further company coverage: BRIG.NS

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