Meanwhile, the BSE Sensex was up 17.75 points or 0.09% to 18,727.77.

On BSE, 8.35 lakh shares were traded in the counter as against average daily volume of 82,466 shares in the past one quarter.

The stock hit a high of Rs 77.40 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 71.10 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 23 October 2012, surging 67.1% compared with the Sensex's 0.23% fall. The scrip also outperformed the market in past one quarter, jumping 78.83% as against Sensex's 10.86% surge.

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 49.49% in three trading sessions from Rs 49.50 on 19 October 2012, after the company after market hours on 19 October 2012 reported strong Q2 results.

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.