Infra stock in focus after signing MoU with Technopark to develop World Trade Center in Kerala

Infra stock in focus after signing MoU with Technopark to develop World Trade Center in Kerala


In a significant development for Kerala’s tech landscape, a leading real estate developer has inked a memorandum of understanding with Technopark to establish a prestigious World Trade Centre and business hotel in Thiruvananthapuram. The ambitious 1.5 million sq. ft. project marks a major milestone in the state’s commercial infrastructure growth.

Share Price Movement 

The share price of Brigade Enterprises Limited went up 4.20 percent to Rs. 1,100 per share on Monday, a decrease from its previous close of Rs. 1,148 per share. The market capitalisation now stands at approximately Rs. 26,873 crore as of January 13, 2025.

What happened?

Brigade Enterprises Ltd. signed an MoU with Technopark to develop a World Trade Center and a business hotel in Thiruvananthapuram, covering 1.5 million sq. ft.

Brigade Enterprises also plans to invest approximately Rs. 1,500 crores in the state over the coming years. The MoU was executed between Mr. Hrishikesh Nair, COO of Brigade Enterprises Ltd., and Col Sanjeev Nair, CEO of Technopark, and presented to Chief Minister Shri Pinarayi Vijayan

Financial Highlights

According to its recent filing, in the quarter ending September 2024, Brigade Enterprises’s consolidated revenue from operations has decreased by 21.5 percent YOY from Rs. 1,367 crore in Q2 FY24 to Rs. 1,072 crore in Q2 FY25 and declined by 0.55 percent QoQ from Rs. 1,078 crore in Q1 FY25. 

The company’s consolidated net profit has increased by 2.67 percent YoY, from Rs. 112 crore in Q2 FY24 to Rs. 115 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 41.97 percent QoQ from Rs. 81 crore.

The average price-to-earnings (P/E) ratio in the construction industry is 35.64, which is less than Brigade Enterprises’s current P/E ratio of 58.67.

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Market Outlook 

The Indian real estate sector, a vital contributor to nation-building, is the second-largest employment generator after agriculture. It spans residential, retail, hospitality, and commercial sub-sectors. Recent years saw record property sales, driven by urbanisation, infrastructure development, and growing corporate demand for office spaces.  

Government reforms, including RERA, REIT guidelines, and the Smart Cities Mission, boosted transparency and investor confidence. While metro cities lead growth, tier-II and III cities are emerging rapidly. Segments like co-working, warehousing, and luxury housing also show robust expansion.  

Shareholding Pattern

As of the September 2024 shareholding pattern, Brigade Enterprises Limited is primarily held by the promoters at 41.37 percent, foreign institutional investors hold 18.47 percent, and the public with 16.14 percent. 

About Company 

Brigade Enterprises Limited, founded in 1986 by M.R. Jaishankar and headquartered in Bangalore, has transformed urban landscapes across India and expanded globally to Dubai. The company excels in residential projects, commercial spaces, and hospitality ventures, managing luxury apartments, IT parks, office hubs, hotels, convention centres, and property services. Iconic projects like the World Trade Centres in Bangalore, Chennai, and Kochi highlight its expertise. 

Written By Fazal Ul Vahab C H

Disclaimer

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.


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