BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
We met the management of Brigade Enterprises Ltd. to understand its business outlook. Key takeaways are-
demand momentum is intact owing to favorable affordability despite 200 basis points increase in interest rate,
Brigade Enterprises expects to launch 13 million square feet of projects over the next 12 months,
re-iterated its target to grow sales volumes by 15-20% over the next three years,
focus on business development to continue across Bengaluru, Chennai, and Hyderabad and
expect commercial portfolio to be fully leased by Sep-23.
On the back of a strong launch pipeline, we expect Brigade Enterprises' pre-sales to record a 17% compound annual growth rate to 7msf by FY25.
We believe pick up in business development activity will lead to re-rating in value of its residential segment as the current market price does not reflect the growth potential.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories ā On NDTV Profit.
