Meanwhile, the S&P BSE Sensex was down 148.12 points, or 0.57%, to 25,746.85

On BSE, so far 34,854 shares were traded in the counter as against an average daily volume of 2.75 lakh shares in the past one quarter.

The stock hit a high of Rs 37.50 and a low of Rs 36.70 so far during the day. The stock had hit a 52-week high of Rs 48.80 on 26 May 2014. The stock had hit a 52-week low of Rs 25.80 on 30 September 2013.

The stock had underperformed the market over the past one month till 30 July 2014, falling 9.87% compared with 2.65% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 14.53% as against Sensex's 16.37% rise.

The small-cap real estate developer has an equity capital of Rs 55.84 crore. Face value per share is Rs 2.

Peninsula Land reported 37.82% fall in net profit to Rs 1.89 crore on 163.06% surge in total income from operations to Rs 41.38 crore in Q1 June 2014 over Q1 June 2013.

Peninsula Land said that Q1 June 2014 are not comparable with Q1 June 2013 as the Q1 June 2014 also includes the financial results pertaining to the business undertakings of 3 subsidiaries which were merged into the company with effect from the appointed date of 1 April 2013 as part of Composite Scheme of Arrangement which also included the merger of one other subsidiary with effect from 1 August 2013, duly sanctioned by the High Court of Judicature at Mumbai vide its order dated 25 October 2013 and filed with the MCA on 7 November 2013 (Effective Date).

Peninsula Land is the real estate arm of Ashok Piramal Group. The company is known for its concept based architectures in the commercial, retail and residential sectors.