Meanwhile, the BSE Sensex was up 373.97 points or 2.2% to 17,364.73.

On BSE, 64,000 shares were traded in the counter as against average daily volume of 13,363 shares in the past one quarter.

The stock hit a high of Rs 57.55 and a low of Rs 54.35 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 81.60 on 17 February 2012.

The stock had outperformed the market over the past one month till 28 June 2012, surging 14.89% compared with the Sensex's 3.5% gain. The scrip had also outperformed the market in past one quarter, rising 2.75% as against Sensex's 0.76% fall.

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

The Brigade Enterprises stock had jumped 15% to settle at Rs 55.95 on Thursday, 28 June 2012, after the company said after market hours on Wednesday, 27 June 2012 that the Brigade Group and Government of Singapore Investment Corporation Pte (GIC) have entered into a 51:49 private equity (PE) pact for a residential project in Bangalore.

Brigade Group and GIC, through its affiliate, Reco Begonia, have entered into a 51:49 PE partnership through a special purpose vehicle (SPV) for the development of a residential project on Whitefield Main Road in Bangalore. Brigade Enterprises would be developing the project and will be making an investment of over Rs 100 crore in the SPV with GIC as partner.

The 9.5 acre property was acquired from Hindustan Unilever (HUL) through a bidding process, Brigade Enterprises said. With over 1 million sq.ft, the development will be targeted at high income group segment, Brigade Enterprises said in a statement. The residential project is expected to generate revenue of Rs 700 crore over the next 3 to 4 years, the company said.

GIC is a global investment management company established in 1981 to manage Singapore's foreign reserves. With a network of offices in nine cities worldwide and headquartered in Singapore, GIC invests internationally in equities, fixed income, natural resources, treasury & currencies, real estate, private equity and infrastructure.

Brigade Enterprises' net profit fell 70.5% to Rs 8.04 crore on 14.4% growth in net sales to Rs 104.88 crore in Q4 March 2012 over Q4 March 2011.

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