Meanwhile, the S&P BSE Sensex was up 59.25 points or 0.18% at 32,461.62. The S&P BSE Small-Cap index rose 83.63 points or 0.5% at 16,977.30.

On the BSE, 1,125 shares were traded on the counter so far as against the average daily volumes of 11,266 shares in the past one quarter. The stock had hit a high of Rs 443.75 and a low of Rs 434.10 so far during the day. The stock had hit a 52-week high of Rs 437.85 on 13 September 2017. The stock had hit a 52-week low of Rs 193.10 on 26 December 2016.

The small-cap company has equity capital of Rs 21.96 crore. Face value per share is Rs 10.

Shreyas Shipping & Logistics said that the company has signed a memorandum of agreement (MOA) for acquisition of one container vessel of about 1500 teus. The delivery of the vessel is expected by mid October 2017.

Shreyas Shipping & Logistics' net profit surged 293.6% to Rs 19.17 crore on 38.5% rise in net sales to Rs 117.86 crore in Q1 June 2017 over Q1 June 2016.

Shreyas Shipping & Logistics, the Indian flagged vessel owning unit of Transworld Group, is a pioneer and market leader in domestic coastal container shipping covering all main ports and container terminals on the Indian coast.