The announcement was made after market hours on Friday, 25 January 2013.
Meanwhile, the BSE Sensex was down 21.33 points or 0.11% at 20,082.20.
On BSE, 10,000 shares were traded in the counter as against average daily volume of 1.4 lakh shares in the past one quarter.
The stock hit a high of Rs 83.15 and a low of Rs 81.20 so far during the day. The stock had hit a 52-week high of Rs 112.60 on 19 December 2012. The stock had hit a 52-week low of Rs 45 on 23 May 2012.
The stock had underperformed the market over the past one month till 25 January 2013, sliding 19.69% compared with the Sensex's 4.41% rise. The scrip had, however, outperformed the market in past one quarter, jumping 14.26% as against Sensex's 7.17% surge.
The small-cap real estate firm has equity capital of Rs 112.25 crore. Face value per share is Rs 10.
Brigade Enterprises said its maiden residential project in Hyderabad features 55 premium residences, with areas ranging from 3,350 square feet (sq. ft) to 3,510 sq. ft. The project comprises of 11 blocks. Each block is a 5 storied structure with just one residence per floor, the company said.
Speaking on the occasion, Mr. M R Jaishankar, CMD, Brigade Group said, "We are very excited about our foray into Hyderabad. With the launch of Brigade at No. 7, our customers in Hyderabad can now experience high quality of a trusted, very successful and recognized developer from Bangalore. We are very proud to have built this reputation with our landmark developments over the past 26 years. Brigade Group has developed some of the best projects in South Indian cities and now discerning buyers from Hyderabad have an opportunity to 'Upgrade to Brigade'."
Brigade Enterprises' net profit rose 13.5% to Rs 14.84 crore on 7.2% decline in net sales to Rs 154.92 crore in Q2 September 2012 over Q2 September 2011.
Bangalore-based realty developer Brigade Enterprises has presence in residential, commercial and retail segments.
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