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Brigade Enterprises shares slip after EC revoked for ₹2,100 crore Chennai project
Brigade Enterprises shares came under pressure after Tamil Nadu revoked environmental clearance for its Morgan Heights project in Chennai, though the company said all approvals had been obtained and challenged the order in the Supreme Court.
Bonus Share Alert: Real estate stock, up 200% in five years, to reward 1.5 lakh retail shareholders
This will be the first instance that Brigade will be issuing bonus shares for its shareholders in the last seven years. The last time it did so was back in 2019.
Brigade Enterprises reports FY26 net profit at Rs 725 cr, approves 1:3 bonus issue
Brigade Enterprises posted higher annual profit and 11% revenue growth driven by strong real estate pre-sales, leasing gains and hospitality expansion. Despite a weaker quarterly profit, robust sales momentum, improved realisations and strong cash flows support a positive business outlook
The Real Estate index is set for its best month in nearly five years as rebound continues
Stocks such as Sobha, Godrej Properties, Phoenix Mills Ltd., Ananta Raj, Lodha Developers, Oberoi Realty, Brigade Enterprises, Prestige Estates are trading with gains between 2% to as high as 4.5%. All constituents of the index are trading with gains. For the month so far, all constituents of the Realty Index are up between 15% to 30%.
Brigade Group enters industrial real estate with 25-acre industrial park in Devanahalli
Brigade Enterprises launched Brigade Industrial Park, a 25-acre site in Devanahalli, near Bengaluru airport, offering 2 million sq ft for various sectors. Shares rose 1.66% to ₹674.