Shares of Brigade Enterprises have given tremendous returns in the last year. Shares of Brigade Enterprises have been among the multibagger stocks of the year 2021. In the last one year, the shares of real estate company Brigade Enterprises have reached a level of Rs 512 from Rs 251.50. The company’s shares have gained about 105 per cent in a span of one year. The 52-week low level of the company’s shares is Rs 233.05.
Brokerage house gave target price of Rs 598
Domestic brokerage house ICICI Securities has upgraded its rating on shares of Brigade Enterprises as the cases of COVID-19 decrease. The brokerage house has upgraded the rating from Add to Buy for the shares of the company. The domestic brokerage house has given a target price of Rs 598 for the shares of the company. The brokerage house has said that with the decrease in cases of COVID-19, offices / malls are opening and international travel is gaining momentum. We believe that from the first quarter of FY 2023, the company’s annuity and hotel business will see good growth.
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Money earned more than 5 times in less than 2 years
Shares of Brigade Enterprises have given strong returns in less than 2 years. Investors’ money has gone up by more than 5 times. Shares of Brigade Enterprises stood at Rs 93.90 on National Stock Exchange (NSE) as on 22 May 2020. The company’s shares closed at Rs 511.95 on 22 March 2022 on NSE. If an investor had invested Rs 1 lakh in the shares of the company on 22 May 2020 and had retained his investment, then at present this money would have been Rs 5.45 lakh. Shares of Brigade Enterprises have given returns of over 242 per cent to investors in the last 5 years. The 52-week high of the company’s shares is Rs 540.
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