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.
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.
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