India's Brigade Enterprises rises on PVP Ventures tie-up

Evervie Health

22/02/2024 04:15

** Shares of Brigade Enterprises  BRIG.NS  rise 3.7% to
1,041 rupees
    ** The real estate developer entered into a joint
development agreement with PVP Ventures  PVPV.NS  to develop a
2.5 mln square feet high-rise residential project
    ** Shares of PVP Ventures up 4.8% to maximum
exchange-allowed limit
    ** Brigade Group sees revenue potential of about 20 bln
rupees ($241 million) from project
    ** Eleven analysts covering BRIG on avg have a "buy" rating;
median PT is 1,125 rupees - LSEG data
    ** BRIG up ~1% so far in February, eyes fifth consecutive
monthly gain



($1 = 82.9170 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))