Brigade Enterprises rose 2.87% to Rs 164.70 at 13:18 IST on BSE after the company announced the launch of a residential project viz. Plumeria at Brigade Meadows, a new phase of luxury apartments in Bangalore.
The announcement was made on Saturday, 21 November 2015.
Meanwhile, the S&P BSE Sensex was down 42.42 points or 0.16% at 25,826.07.
On BSE, so far 32,000 shares were traded in the counter as against average daily volume of 11,237 shares in the past one quarter.
The stock hit a high of Rs 170.30 and a low of Rs 159.80 so far during the day. The stock had hit a 52-week high of Rs 179.60 on 2 February 2015. The stock had hit a 52-week low of Rs 121 on 25 August 2015.
The stock had outperformed the market over the past one month till 20 November 2015, gaining 4.16% compared with Sensex's 5.27% fall. The scrip had also outperformed the market in past one quarter, surging 7.96% as against Sensex's 6.3% fall.
More From This Section
The small-cap company has equity capital of Rs 113.08 crore. Face value per share is Rs 10.
Plumeria at Brigade Meadows offers 2 &3 bedroom luxury homes with sizes ranging from 1,110 to 1,630 square feet (sq. ft).
On consolidated basis, Brigade Enterprises' net profit rose 87.5% to Rs 38.70 crore on 7.4% decline in net sales to Rs 327.77 crore in Q2 September 2015 over Q2 September 2014.
Brigade Enterprises (BEL) is Brigade Group's flagship company. Brigade Group was established in 1986, with property development as its main focus.
Powered by Capital Market - Live News