India's Brigade Hotels rises after quarterly profit jump

Brigade Hotel Ventures

29/01/2026 04:54

** Shares of Indian hotel developer Brigade Hotel Ventures BRIA.NS rise 2.23% to 62.16 rupees

** Co's quarterly profit rises nearly 1.5x, rev from ops increases 11.6%

** Co expects growth to be led by existing hotels and ramp-up in select properties; strengthening portfolio with nine upcoming hotels in luxury and upscale segments - statement

** Both analysts covering the stock rate it "strong buy"; median PT is 113.50 rupees - LSEG

** Stock down ~7% so far in January

 (Reporting by Abhirami G in Bengaluru)

 ((abhirami.g@thomsonreuters.com))