Meanwhile, the S&P BSE Sensex was down 116.52 points or 0.37% at 31,021.69. The S&P Mid-Cap index was down 124.66 points, or 0.85%, to 14,459.15.

Bulk deal boosted volume on the scrip. On BSE, so far 8.31 lakh shares were traded in the counter, compared with average daily volume of 21,676 shares in the past one quarter. The stock hit a high of Rs 141.90 and a low of Rs 138.25 so far during the day. The stock hit a 52-week high of Rs 149.15 on 18 May 2017. The stock hit a 52-week low of Rs 108 on 24 June 2016.

The stock had outperformed the market over the past one month till 23 June 2017, rising 3.48% compared with 2.55% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 11.06% as against Sensex's 6.16% gains. The scrip had also outperformed the market in past one year, surging 23.49% as against Sensex's 15.32% gains.

The mid-cap company has equity capital of Rs 33 crore. Face value per share is Re 1.

Triveni Turbine's consolidated net profit dropped 26.38% to Rs 26.62 crore on 12.02% fall in net sales to Rs 180.64 crore in Q4 March 2017 over Q4 March 2016.

Triveni Turbine offers steam turbine solutions for industrial captive and renewable power. The company manufactures steam turbines up to 100 MW.