India's Brigade Enterprises up; FY26 launches provide visibility on growth, expansion, say analysts

Brigade Enterprises

16/05/2025 08:46

May 16 - ** Indian real estate developer Brigade Enterprises BRIG.NS rises 4.3% to 1,111.7 rupees

** On track for best day in about 12 weeks

** Day's gains erase declines in the last 12 months, stock up around 1%

** Q4 pre-sales grows 9% y/y; 54% of full-year pre-sales coming from new launches - co

** Ambit Capital highlights strong launch pipeline in FY26, totalling 16 mln sq ft, amid solid demand and resilient selling prices

** Elara Capital positive; says stock performance will hinge on ability to expand into southern markets beyond Bengaluru

** Antique Stock Broking says BRIG expansion to Hyderabad and Chennai appears promising

** Adds, co's rental portfolio is seeing high occupancy, driving optimism for upcoming rental assets

** BRIG rated 'buy' on average by 11 analysts - data compiled by LSEG

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))