Real estate company Brigade Enterprises Ltd. is a mid-cap company with a market cap of Rs. 10,258 crores. With over three decades of experience, The Brigade Group, one of India’s top real estate developers, has revolutionized the destinations of South Indian cities like Bengaluru, Mysore, Mangaluru, Chikmagalur, Hyderabad, Chennai, Ahmedabad and Kochi with residential developments. has brought. , commercial, retail, hospitality and educational sectors.
The Board of the Company in its meeting held on 8th July has informed the Stock Exchanges that “The Board of Directors of the Company in its meeting held on 12th May, 2022 had recommended a final dividend of Rs.1.50 per equity share, for the ensuing twenty-seventh annual Subject to the approval of the members of the company at the general meeting (AGM). In accordance with regulation 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, the company has decided to determine the eligible members for payment of final dividend. The record date has been set as Tuesday, July 26, 2022. The final dividend, if approved at the AGM, will be paid on or before Wednesday, August 31, 2022.”
Brigade Enterprises Ltd shares closed today 446 down 1.43% from its previous close 452.45. The stock hit 52-week high on NSE at Rs. 554.70 on March 31, 2022, and its 52-week low of Rs. 285.55 on July 7, 2021. This means that the stock is now trading 19.59 percent below its 52-week high and 56.18 percent above its 52-week low. The stock is trading above the 5-day, 20-day and 50-day moving averages but below the 100-day and 200-day moving averages. On Friday, 1,431 shares were traded on the BSE. The company’s PE of 124.01 may indicate that the stock is overpriced, and its 8.66 percent return on equity for the three months ended March 2022 was below average. For the quarter ended March 2022, the company’s promoter shareholding stood at 43.88 per cent, the lowest level since June 2019. Book value per share Rs. 100.97, the stock is trading at 4.41 times its book value which is highest among its peers like DLF, Oberoi Realty, Phoenix Mills, GR Infraproject and Prestige Estates.