Brigade Enterprises Receives Stock Upgrade from Kotak, Share Price Rises Nearly 8%

Brigade Enterprises, a prominent real estate company based in Bangalore, experienced a significant surge in its share price today, climbing by almost 8% in morning trading. The stock’s positive momentum continued for the fourth consecutive session, driving investor optimism.

The jump in Brigade Enterprises’ share price followed an upgrade by leading brokerage firm Kotak Securities, which boosted its rating on the stock from ‘reduce’ to ‘add’. Kotak maintained an unchanged target price of ₹1,025, underlining the robust business prospects of the company.

In its analysis, Kotak Securities noted that while concerns over a potential construction ban in Bengaluru had led to a recent correction in Brigade Enterprises’ stock, the underlying business outlook remained strong across various segments.

Despite facing challenges related to the local water crisis in Bengaluru, Brigade Enterprises has showcased solid performance across its business divisions, according to Kotak Securities. The brokerage firm highlighted the stock’s attractive valuation metrics, with the shares trading at six times adjusted EV/EBITDA on FY26E earnings.

Recognizing the value proposition in Brigade Enterprises’ stock, Kotak recommended investors take advantage of the recent weakness in the stock performance as an opportune moment to add to their positions.

Moreover, Brigade Enterprises recently received a credit rating enhancement from ICRA, a leading credit rating agency. ICRA assigned a long-term credit rating of ICRA AA- for the company’s enhanced bank facilities worth ₹500 crores, pushing the total facilities up to ₹3,000 crores.

Looking ahead, analysts anticipate Brigade Enterprises to leverage its diversified business portfolio, strategic projects, and resilient operational capabilities to navigate through any short-term challenges, contributing to sustained growth in the real estate sector in India and the Asia-Pacific region.