Brigade Enterprises share price was trading with no change in the early trade on May 9 despite the company acquired a land parcel in Bengaluru.
At 09:42am, Brigade Enterprises was quoting at Rs 998.15, down Rs 0.65, or 0.07 percent, on the BSE.
"Brigade Group has acquired a strategically located 11-acre land parcel opposite ITPL in Whitefield, Bengaluru. The land will be developed into a premium commercial project with a gross leasable area of approximately 1.5 million square feet and a Gross Development Value (GDV) of over RS 2,000 crore," company said in its exchange filing.
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A meeting of the board of directors of the company is scheduled on May 14, 2025 to consider and approve the audited standalone and consolidated financial results of the company for the fourth quarter and financial year ended on 31st March, 2025 and consider recommendation of dividend, if any, for FY2025.
On April 21, the company signed a Joint Development Agreement for a plotted development project in Malur, East Bengaluru, spanning approximately 20 acres. The gross development value of the project is around Rs 175 crore, with a total development potential of 0.45 million square feet.
On April 7, the company signed a Joint Development Agreement for a residential project in Mysuru spread across 10 acres and 37 guntas, with a total development potential of around 0.37 million square feet. The gross development value (GDV) of the project is around Rs 225 crore.
The share touched a 52-week high of Rs 1,451.90 and a 52-week low of Rs 812.85 on 25 June, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 31.25 percent below its 52-week high and 22.8 percent above its 52-week low.
The market capitalisation of the company stands at Rs 24,392.25 crore.
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