Espresso shot of the day – Brigade Enterprises Ltd up by 7.60 percent

EspressoLogy

Espresso shot of the day – Brigade Enterprises Ltd up by 7.60 percent

September 01, 2021
Espresso shot of the day – Brigade Enterprises Ltd up by 7.60 percent

BRIGADE ENTERPRISES LTD 359.80 (+7.60%) BSE – INE791I01019 | 1ST SEPTEMBER 2021


The Brigade Group is one of India’s leading property developers with over three decades of expertise in building positive experiences for all stakeholders. Instituted in 1986, the company has developed many landmark buildings and transformed the skyline of cities across South India, namely – Bengaluru, Mysuru, Mangaluru, Hyderabad, Chennai and Kochi with developments across the Residential, Commercial, Retail, Hospitality and Education sectors. Since its inception, Brigade has completed 250+ buildings, amounting to over 70 million sq. ft of developed space across a diverse real estate portfolio. Brigade assures best-in-class design and top-of-the-line facilities that exude elegance and sophistication. The Residential developments include villas, villaments, penthouses, premium residences, luxury apartments, value homes, urban studios, independent living for seniors and mixed-use lifestyle enclaves and townships. Over the years, the projects have been one-of-a-kind in the sector.

Recent Drivers

  • On Aug 25, 2021, CRISIL Ratings upgraded its long-term rating for the credit limits of the company from banks. The long-term bank loan of the company worth Rs 350 crores was rated CRISIL A plus / Stable, upgraded from CRISIL A / Stable.
  • On Aug 10, 2021, Brigade Enterprise Ltd. net sales at Rs 382.79 crores in June 2021, up 88.26% from Rs 203.33 crores in June 2020.
  • On Aug 4, 2021, the Nomination and Remuneration Committee of the company in its meeting approved the allotment of 2,31,209 equity shares under the Employees Stock Option Plan 2017.
  • On June 26, 2021, Brigade Enterprises allotted 1,86,56,716 equity shares at the issue price of Rs 268 per share (including a premium of Rs 258 per equity share), aggregating Rs 499.99 crores pursuant to QIP issue.
(Sources: Business Standard, Moneycontrol, BSEIndia.com)


Technical Force*

  • S&P BSE 500 month till date gain up by 6.5%
  • Traded on new 52-week-high value of 384.95
  • 3 months avg. NSE volume: 6,24,900
  • Quantity traded: 2,45,623 | Deliverable quantity: 1,05,557 (42.98%)
  • Stock price has jumped more than 145% from one-year-low level: 154.5 (Oct 19, 2020)
  • Daily RSI (14) is near Overbought territory today
  • 52-week-high: 384.95 | 52-week-low: 154.5

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

470.03

362.52

305.73

198.22

141.43

33.92

-

    -

Fibonacci Pivot

362.52

299.75

260.98

236.01

198.22

160.43

135.45

96.68

33.92


Today’s Close

359.80

SMA

BSE

10 DAY

318.46

20 DAY

324.45

50 DAY

315.09

200 DAY

271.51


Some Key Ratios (Source: BSE)

Market Cap: 8,269.91 crores

PE: 48.47

OPM%: 37.63

ROE%: 6.14

Promoters holding%: 44.11

Prev. Close: 334.4

*Chart And Technical Force data taken from the Binge desktop app.

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comtrade Private Limited is under no obligation to update the information in this document from time-to-time.



Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.