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Buy Brigade Enterprises; target of Rs 620: ICICI Direct

ICICI Direct is bullish on Brigade Enterprises recommended buy rating on the stock with a target price of Rs 620 in its research report dated November 15, 2022.

November 24, 2022 / 03:43 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 the real estate business and operational marquee hotel assets in the hospitality segment.


Outlook


We maintain our BUY rating. Apart from robust residential sales volumes traction (led by strong end user demand in its key markets), we expect a sustained recovery in commercial/hospitality to drive overall traction. We value BEL at Rs 620/share.


For all recommendations report, click here

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Brigade Enterprises - 15 -11-2022 - icici
Broker Research
first published: Nov 24, 2022 03:43 pm