Realty
Realty - National
from 640 today
Hollow marker shows the firm’s previous target.
Brigade Enterprises retained its FY27 presales guidance of INR90bn supported by a strong launch pipeline, and is expected to deliver healthy cash flow generation and manageable leverage, prompting a maintained BUY rating and a raised target price to INR762.
Brigade reported a soft quarter in pre-sales due to the absence of major launches, though stronger realizations and a sharp margin recovery in real estate provided support. A strong launch pipeline should lift volumes from Q2, and we maintain our BUY rating with a target price of Rs.750.
Brigade Enterprises clocked muted Q1FY27 sales bookings due to no major launches, but management retains its FY27 sales bookings guidance of INR 90bn backed by a strong upcoming launch pipeline and unsold inventory.
Brigade Enterprises reported muted pre-sales with a 5% YoY decline, alongside 7% YoY collection growth in Q1FY27. Supported by a healthy launch pipeline and strategic expansion into Chennai and Hyderabad, we expect pre-sales to clock 12-15% CAGR over FY26-28E and maintain our BUY rating with a target price of INR 785/share.
BRGD has a strong launch pipeline and a healthy medium-term growth outlook, supported by land bank availability and forthcoming BD. We reiterate our BUY rating with a TP of INR835.
Brigade Enterprises reported a resilient 1QFY27 with healthy collections, pipeline, and balance sheet supporting growth. We maintain our BUY rating with an unchanged target price of INR701.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
