{"id":113858,"date":"2023-11-17T11:45:08","date_gmt":"2023-11-17T06:15:08","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113858"},"modified":"2023-11-17T11:45:13","modified_gmt":"2023-11-17T06:15:13","slug":"real-estate-stock-jumps-5-after-it-announces-joint-venture-with-two-private-companies","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/real-estate-stock-jumps-5-after-it-announces-joint-venture-with-two-private-companies\/","title":{"rendered":"Real estate stock jumps 5% after it announces joint venture with two private companies\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2772654655\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this midcap company jumped 5 percent after announcing a joint venture with two private companies to develop 14 acres in Bangalore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3220025068\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 16,502 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BRIGADE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Brigade Enterprises Ltd<\/a><\/strong> opened on a higher note at Rs. 733.90 compared to its previous close at Rs. 714.60. The share hit a high of Rs. 763 making a gain of around 5 percent which is also recorded has company\u2019s fresh 52-weeks high and currently trading at Rs. 748.05 apiece.\u00a0<\/p><p>Such a positive movement was observed after the company in an exchange filing mentioned that they have entered into a Joint Development Agreement with Krishna Priya Estates Pvt Ltd. and Micro Labs Limited (Land Owners) to develop 14 acres at Yelahanka, Bangalore which will have a developable area of around 2 million sq. ft.&nbsp;<\/p><p>Looking at the financial statement, the company\u2019s revenue increased by 109 percent from Rs. 653.97 crores in the June quarter to Rs. 1,366.58 crore in the September quarter. In addition, net profit magnified by 246 percent from Rs. 38.53 crores to Rs. 133.5 crores during the same timeframe.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-466547861\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Coming onto the important financial ratios, the return on equity was at 7.25 percent during FY22-23 and the return on capital employed was recorded at 9.18 percent during the same time horizon.&nbsp;<\/p><p>According to the latest shareholding pattern, Promoters have 43.77 percent of stake in the company, the Public have 17.43 percent shares, DIIs have a considerable stake of 25.40 percent and the remaining 13.40 percent is with FIIs.&nbsp;<\/p><p>Headquartered in Bengaluru, Brigade Enterprises Ltd was incorporated in the year 1995. The company constructs and develops residential, commercial, educational, retail and hospitality projects. It also offers hospitality and leases rental services.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav patil<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2079792749\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this midcap company jumped 5 percent after announcing a joint venture with two private companies to develop 14 acres in Bangalore.&nbsp; With a market capitalization of Rs. 16,502 crores, the shares of Brigade Enterprises Ltd opened on a higher note at Rs. 733.90 compared to its previous close at Rs. 714.60. The [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[14451,14450,14449,948,936],"class_list":["post-113858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-brigade-enterprises-jv","tag-brigade-enterprises-latest-news","tag-brigade-enterprises-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Real estate stock jumps 5% after it announces joint venture with two private companies\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this midcap company jumped 5 percent after announcing a joint venture with two private companies to develop 14 acres in Bangalore.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/real-estate-stock-jumps-5-after-it-announces-joint-venture-with-two-private-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real estate stock jumps 5% after it announces joint venture with two private companies\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of this midcap company jumped 5 percent after announcing a joint venture with two private companies to develop 14 acres in Bangalore.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/real-estate-stock-jumps-5-after-it-announces-joint-venture-with-two-private-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-17T06:15:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-17T06:15:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/real-estate-building-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/real-estate-stock-jumps-5-after-it-announces-joint-venture-with-two-private-companies\/\",\"url\":\"https:\/\/tradebrains.in\/features\/real-estate-stock-jumps-5-after-it-announces-joint-venture-with-two-private-companies\/\",\"name\":\"Real estate stock jumps 5% after it announces joint venture with two private companies\u00a0 - 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