Brigade Enterprises gains 2% on the bourses on the back of joint development agreement

India Infoline News Service | Mumbai | September 19, 2016, 11:02 IST

The scrip opened at Rs. 178 and has touched a high and low of Rs. 180 and Rs. 176.9 respectively.

Brigade Enterprise
Brigade Enterprises Ltd has informed BSE that Mysore Projects Private Limited, wholly owned subsidiary of the Company has entered into a joint development agreement with Cornerstone Bay East Developers Private Limited (Land Owner) to develop 47 acres at Varthur and Gunjur, off Whitefield region, Bangalore which will have a develop-able area of around 5 million sq. ft.

The stock is currently trading at Rs. 177.7, up by Rs. 3.45 or 1.98% from its previous closing of Rs. 174.25 on the BSE.

The scrip opened at Rs. 178 and has touched a high and low of Rs. 180 and Rs. 176.9 respectively. So far 43004 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1972.82 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 186.8 on 17-Jun-2016 and a 52 week low of Rs. 123.5 on 13-Jan-2016. Last one week high and low of the scrip stood at Rs. 176 and Rs. 171.95 respectively.

The promoters holding in the company stood at 56.29 % while Institutions and Non-Institutions held 8.66 % and 35.05 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart



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