BRIGADE ENTERPRISES LIMITED
Geojit BNP Paribas
| Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 06 Dec 2024 | Brigade Enterprises |
Geojit BNP Paribas
|
980.00 | 1158.00 | 1309.15 (-25.14%) | Target met |
Sell
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| 27 Nov 2024 | Phoenix Mills |
Geojit BNP Paribas
|
1773.30 | 1423.00 | 1685.15 (5.23%) | Target met |
Sell
|
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| 04 Nov 2024 | Prestige Estates |
ICICI Securities Limited
|
1738.60 | 1485.00 | 1592.05 (9.21%) | Target met |
Sell
|
Stronger FY25 under construction
ICICI Securities Limited
Prestige Estates Projects (PEPL) clocked tepid Q2FY25 gross sales bookings worth INR 40.3bn (43% YoY dip) owing to just three new launches across 8.2msf in Bengaluru and Mumbai during the quarter.
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| 24 Oct 2024 | Godrej Properties |
ICICI Securities Limited
|
2142.70 | 2113.00 | 2924.40 (-26.73%) | Target met |
Sell
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| 01 Aug 2024 | Godrej Properties |
ICICI Securities Limited
|
2142.70 | 1861.00 | 3127.20 (-31.48%) |
Sell
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| 25 Jul 2024 | Oberoi Realty |
Geojit BNP Paribas
|
1792.90 | 1580.00 | 1729.25 (3.68%) | Target met |
Sell
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| 08 Jul 2024 | Sobha |
Geojit BNP Paribas
|
1701.20 | 1714.00 | 2023.50 (-15.93%) | Target met |
Sell
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| 04 Jun 2024 | Brigade Enterprises |
Geojit BNP Paribas
|
980.00 | 1070.00 | 1228.55 (-20.23%) | Target met |
Sell
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| 24 May 2024 | Phoenix Mills |
Geojit BNP Paribas
|
1773.30 | 2868.00 | 3208.95 (-44.74%) | Pre-Bonus/ Split |
Sell
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| 08 May 2024 | Godrej Properties |
Geojit BNP Paribas
|
2142.70 | 2565.00 | 2813.35 (-23.84%) | Target met |
Sell
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| 12 Feb 2024 | Brigade Enterprises |
Geojit BNP Paribas
|
980.00 | 845.00 | 973.75 (0.64%) | Target met |
Sell
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| 26 Dec 2023 | Brigade Enterprises |
Geojit BNP Paribas
|
980.00 | 767.00 | 894.80 (9.52%) |
Sell
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| 02 Nov 2023 | Godrej Properties |
ICICI Securities Limited
|
2142.70 | 1318.00 | 1716.00 (24.87%) |
Sell
|
Sales bookings impress, but debt levels continue to rise
ICICI Securities Limited
Godrej Properties (GPL) clocked record Q2FY24 gross sales bookings of 5.2msf worth INR50.3bn (10% above I-sec estimate of INR45.0bn), led by INR20.2bn of sales from Tropical Isle, Noida project launched during the quarter. While the company retained guidance for INR140bn of FY24 gross sales bookings driven by a launch pipeline of ~17.6msf in H2FY24, operating cash surplus for H1FY24 was weak at INR9.3bn.
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| 23 Aug 2023 | Oberoi Realty |
Geojit BNP Paribas
|
1792.90 | 936.00 | 1097.20 (63.41%) |
Sell
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| 02 Aug 2023 | Godrej Properties |
ICICI Securities Limited
|
2142.70 | 1318.00 | 1659.80 (29.09%) |
Sell
|
Cash flows disappoint, debt levels a key monitorable
ICICI Securities Limited
Godrej Properties (GPL) clocked muted Q1FY24 gross sales bookings of 2.25msf worth INR22.5bn (I-sec estimate of INR24.0bn) and was down 11% YoY in value terms owing to delay in a few planned launches. While the company retains guidance for INR140bn of FY24 gross sales bookings driven by a launch pipeline of ~19msf for rest of FY24, operating cash surplus for Q1FY24 were weak at INR1.2bn.
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| 16 Nov 2022 | Phoenix Mills |
Geojit BNP Paribas
|
1773.30 | 1329.00 | 1488.10 (19.17%) | Target met |
Sell
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| 15 Feb 2018 | Kolte-Patil Developers |
HDFC Securities
|
420.55 | 312.00 | 357.00 (17.80%) | Target met |
Sell
|
Kolte Patil Developers (3QFY18): Strong show. Maintain SELL
HDFC Securities
We maintain SELL on KPDL with NAV based TP to Rs 312/sh. Kolte Patil Developers Ltd. (KPDL) delivered strong 3QFY18 revenue growth of 17.8% YoY, lead by year end sales promotions in key projects viz. Life Republic, Ivy Estate, Western Avenue & Downtown. KPDL has achieved 0.6mn sqft of pre-sales during 3QFY18 and guided for sustaining the pre-sales momentum in Q4FY18E.
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| 10 Feb 2015 | DLF |
HDFC Securities
|
759.45 | 146.00 | 157.55 (382.04%) | Target met |
Sell
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DLF (3QFY15) : No respite. Maintain SELL
HDFC Securities
DLFs 3QFY15 results were muted along expected lines with revenues of Rs 19.6bn (our est. was Rs 20.2bn) declining 5% YoY and 3% QoQ. EBITDA of Rs 8.0bn was in line with strong EBITDA margins of 41% (est. 39%) owing to higher revenue bookings from premium projects.
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