Shares of Brigade Enterprises Ltd were trading 2% lower on 9 May despite the company announcing securing a land parcel in Bengaluru. 

In its regulatory filing, the company said, “Brigade Group has acquired a strategically located 11-acre land parcel opposite ITPL in Whitefield, Bengaluru. The land will be developed into a premium commercial project with a gross leasable area of approximately 1.5 million square feet and a Gross Development Value (GDV) of over RS 2,000 crore.”

The company’s board of directors will meet on 14 May 2025 to consider and approve the audited standalone and consolidated financial statements for the fourth quarter and fiscal year ended 31 March 2025, as well as debate and adopt any dividend recommendations for FY2025.

On 21 April, the company inked a Joint Development Agreement for a projected development project in Malur, East Bengaluru, encompassing about 20 acres. The project has a gross development value of around Rs 175 crore and a total development potential of 0.45 million square feet.

On 7 April, the company signed a Joint Development Agreement for a residential project in Mysuru that spans 10 acres and 37 guntas, with a total development potential of approximately 0.37 million square feet. The project has a gross development value (GDV) of roughly Rs 225 crore.

At 11:40 pm, the shares of Brigade Enterprises were trading 0.46% lower at Rs 998 on NSE.

Curious About Brigade Enterprises Ltd? Ask the Analyst.

Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!