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. Given the healthy end user demand, strong launches, the company has reported a robust sales (resi & commercial) value CAGR of ~26% over FY19-23 to Rs 4107 crore.
Outlook
We maintain BUY on the company. We value BEL at SoTP basis to arrive at target price as Rs 745/share.
For all recommendations report, click here
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