Meanwhile, the BSE Sensex was down 20.98 points or 0.11% to 18,772.46.

On BSE, 9.12 lakh shares were traded in the counter as against average daily volume of 67,879 shares in the past one quarter.

The stock hit a low of Rs 58 so far during the day. The stock had hit a 52-week low of Rs 27.50 on 15 May 2012.

The stock had outperformed the market over the past one month till 22 October 2012, surging 39.33% compared with the Sensex's 0.22% rise. The scrip had also outperformed the market in past one quarter, jumping 66.29% as against Sensex's 9.53% rise.

The small-cap company has equity capital of Rs 55.84 crore. Face value per share is Rs 2.

Shares of Peninsula Land have rallied 41.61% in two trading sessions from Rs 49.50 on 19 October 2012, after the company after market hours on Friday, 19 October 2012 reported strong Q2 results. The stock had surged 18.08% to settle at Rs 58.45 on Monday, 22 October 2012.

Peninsula Land's net profit galloped 504.6% to Rs 82.71 crore on 479.2% growth in net sales to Rs 286.68 crore in Q2 September 2012 over Q2 September 2011.

Peninsula Land is into real estate development.