Motilal Oswal has issued a buy rating on Brigade Enterprises with a target price of ₹900 in its research report dated September 06, 2026. According to the brokerage's analysis, the stock is currently trading at approximately 40% discount to its residential NAV and offers deep value investment opportunities. The target price implies a 29% potential upside from current levels.
Brigade Enterprises has a launch pipeline of approximately 9.4 million square feet in FY27 with a gross development value (GDV) of ₹100-110 billion. As reported by Motilal Oswal, the company recently launched approximately 2 million square feet in Hyderabad with a GDV of ₹27 billion, which was ahead of schedule. Additionally, the company launched 0.5 million square feet in Mysuru with a GDV of ₹3 billion. These launches are expected to support pre-sales in the second quarter of FY27.
According to Motilal Oswal's analysis, approvals for approximately 7 million square feet of projects planned in the second half of FY27 remain largely on track. Brigade Enterprises has retained its ₹90 billion pre-sales guidance for FY27. The brokerage maintains its pre-sales estimates conservatively at ₹84 billion for FY27, which aligns with the company's guidance range.
