Brigade Enterprises rose 0.87% to Rs 63.55 at 13:54 IST on BSE after the firm said it has purchased a prime property measuring 2.25 acres at Hebbal, Bangalore from Hindustan Coca-Cola Beverages for Rs 68.83 crore for developing a real estate project.
The announcement was made during trading hours today, 27 December 2013.
Meanwhile, the S&P BSE Sensex was up 137.70 points or 0.65% at 21,212.29.
On BSE, so far 60,000 shares were traded in the counter as against average daily volume of 43,698 shares in the past one quarter.
The stock was volatile. The stock rose as much as 2.85% at the day's high of Rs 64.80 so far during the day. The stock lost as much as 0.71% at the day's low of Rs 62.55 so far during the day. The stock had hit a 52-week high of Rs 102.80 on 9 January 2013. The stock had hit a 52-week low of Rs 45.10 on 7 August 2013.
The stock had outperformed the market over the past one month till 26 December 2013, advancing 14.44% compared with the Sensex's 3.18% rise. The scrip had also outperformed the market in past one quarter, surging 17.32% as against Sensex's 5.94% rise.
The small-cap company has equity capital of Rs 112.25 crore. Face value per share is Rs 10.
Brigade Enterprises' net profit rose 28.2% to Rs 19.02 crore on 12.7% decline in net sales to Rs 135.21 crore in Q2 September 2013 over Q2 September 2012.
Bangalore-based realty developer Brigade Enterprises has presence in residential, commercial and retail segments.
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