Meanwhile, the S&P BSE Sensex was down 139.38 points, or 0.5%, to 27,710.18.

On the BSE, 69,000 shares were traded on the counter so far as against the average daily volumes of 56,233 shares in the past one quarter. The stock had hit a high of Rs 202.20 so far during the day, which is also its 52-week high. The stock hit a low of Rs 195 so far during the day.

The stock had hit a 52-week low of Rs 55.50 on 12 February 2016. The stock had outperformed the market over the past one month till 30 January 2017, advancing 41.75% compared with the Sensex's 4.59% rise. The scrip had also outperformed the market over the past one quarter advancing 60.96% as against the Sensex's 0.29% fall.

The small-cap company has equity capital of Rs 16.19 crore. Face value per share is Rs 2.

Dalmia Bharat Sugar and Industries' earnings before interest, tax, depreciation and amortization (EBITDA) increased by 165% to Rs 112 crore in Q3 December 2016 over Q3 December 2015. EBITDA margin expanded to 23% in Q3 December 2016 from 15% in Q3 December 2015.

In its outlook on sugar sector, Dalmia Bharat Sugar and Industries said that the short-to-medium term outlook looks promising due to firm sugar prices with lower domestic sugar production expected in 2016-2017. However, for long term interests of the industry, it is imperative that cane prices get linked with sugar prices all across the country.

Dalmia Bharat Sugar and Industries is one of the leading producers of sugar in Uttar Pradesh. The company has three integrated plants with total cane crushing capacity of 22500 TCD (tons crushed per day) and sugar production capacity of 3 lakh MT per annum.