The company made this announcement during trading hours today, 18 January 2012.

Meanwhile, the BSE Sensex was down 39.69 points, or 0.24% to 16,426.36.

On BSE, 1.75 lakh shares were traded in the counter as against an average daily volume of 6,940 shares in the past one quarter.

The stock hit a high of Rs 69.10 and a low of Rs 57.05 so far during the day. The stock had hit a 52-week low of Rs 38.10 on 19 December 2011. The stock had hit a 52-week high of Rs 115.80 on 4 February 2011.

The stock had outperformed the market over the past one month till 17 January 2012, surging 34.29% compared with Sensex's 6.29% return. The scrip had, however, underperformed the market over the past one quarter, falling 8.83% as against Sensex's 3.28% fall.

The small-cap real estate firm has an equity capital of Rs 112.25 crore. Face value per share is Rs 10.

Coming up at Devanahalli in Bangalore, Brigade Orchards is a completely integrated and inclusive enclave spread over 100 acres, comprising luxury villas, value homes and premium apartments, the company said in a statement. Commenting on the project, Mr Kailash Advani, CEO, BCV Developers said, The silver jubilee year is a momentous occasion for Brigade Group to introduce our first villa project at 'Brigade Orchards'. This project is the best reflection of our Brand philosophy 'For a Better Quality Of Life'. It gives its owners a unique opportunity to 'Move to a better Bangalore'. The project will further accelerate infrastructure and real estate development contributing to the overall development of the region.

Brigade Enterprises' net profit declined 34.6% to Rs 13.08 crore on 47.3% growth in net sales to Rs 166.98 crore in Q2 September 2011 over Q2 September 2010.

Bangalore-based realty firm Brigade Enterprises has presence in residential, commercial and retail segments.