India's Brigade Enterprises gains after Q3 profit surge

Brigade Enterprises

30/01/2025 04:14

** 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)
 ((aleefjahan.cs@thomsonreuters.com))