Shares of Brigade Enterprises, a major real estate company based in Bengaluru, have risen 16 percent in the past three months, even after Friday’s decline, which was driven by a fall in the broader markets.
The gains were driven by record sales in the final quarter, a strong launch pipeline, improved leasing and a robust bookings outlook for fiscal 2025.
Following the fourth quarter fiscal 2024 results and several launches, the company has made a series of upgrades.
What stood out in both the March quarter and FY2024 was a strong performance across all key segments: residential, rental and hospitality.
Led by improved prices