Brigade Enterprises hits three-month high; surges 36% in two months

The stock was up 6% at Rs 220, its highest level since September 11, 2018.

Shares of Brigade Enterprises hit a three-month high of Rs 220 per share, up 6% on the National Stock Exchange (NSE) in an otherwise market after the brokerage firm Motilal Oswal Securities initiates coverage on the stock with a Buy rating and 12-month target price of Rs 282.

The Nifty 50 index was trading 0.58% lower at 10,602 points at 12:47 pm. The stock of was trading at its highest level since September 11, 2018.

In past two months, the stock of real estate company has outperformed the market by surging 36%, after it reported 8% year-on-year (Y-o-Y) growth