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Buy Brigade Enterprises; target of Rs 550: ICICI Direct

ICICI Direct is bullish on Brigade Enterprises has recommended buy rating on the stock with a target price of Rs 550 in its research report dated May 15, 2022.

May 16, 2022 / 04:44 PM IST
 
 
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ICICI Direct's research report on Brigade Enterprises


Brigade Enterprises (BEL) is one of the leading property developers in South India. Its offerings include Grade-A commercial property, affordable to ultra-premium housing in real estate business and operational marquee hotel assets in hospitality segment.


Outlook


We maintain our BUY rating on the company. Apart from robust residential sales volumes traction (led by strong end user demand in its key markets), we expect a recovery in commercial to drive overall traction. We value BEL at Rs 550/share.


For all recommendations report, click here

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first published: May 16, 2022 04:44 pm
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