Meanwhile, the BSE Sensex was up 92.95 points, or 0.37% to 25,111.25

On BSE, so far 4,209 shares were traded in the counter, compared with an average volume of 1,687 shares in the past one quarter. The stock hit a high of Rs 432 and a low of Rs 424.90 so far during the day. The stock hit a 52-week high of Rs 639 on 16 April 2015. The stock hit a 52-week low of Rs 350.10 on 29 February 2016. The stock had outperformed the market over the past one month till 11 April 2016, rising 1.46% compared with 1.23% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 9.6% as against Sensex's 0.79% rise.

The small-cap company has equity capital of Rs 10.11 crore. Face value per share is Rs 10.

Swelect Energy Systems said that the company had participated in KREDL solar power project announced by Karnataka Government recently. Under the DCR category eligible for Karnataka based solar module manufacturers, the company had submitted the bid and won a 10 megawatts (MW) solar power project, Swelect Energy Systems said. Meanwhile, the board of directors of the company at a meeting held yesterday, 11 April 2016 approved the proposal of acquiring 100% equity share capital of Swelect Power Systems (SPSPL) at face value to be used as a special purpose vehicle from execution to operation and maintenance and passed necessary resolutions accordingly.

Swelect Energy Systems' consolidated net profit fell 4.3% to Rs 0.67 crore on 31.9% growth in net sales to Rs 62.89 crore in Q3 December 2015 over Q3 December 2014.

Swelect Energy Systems (formerly Numeric Power Systems) is a leading power electronics and renewable energy company.