Meanwhile, the BSE Sensex was down 115.87 points, or 0.67% to 17,214.68.

On BSE, 2,762 shares were traded in the counter as against an average daily volume of 2,944 shares in the past one quarter.

The stock hit a high of Rs 252 and a low of Rs 244.95 so far during the day. The stock had hit a 52-week high of Rs 334.90 on 28 July 2009 and a 52-week low of Rs 175.50 on 14 May 2009.

The small-cap stock had outperformed the market over the past one month till 10 May 2010, gaining 3.39% as compared to the Sensex's 3.36% decline. It had underperformed the market in the past one quarter, rising 2.06% as compared to the Sensex's return of 8.85%.

The company's equity capital is Rs 5.77 crore. Face value per share is Rs 10.

Eimco Elecon (India)'s net sales rose 12.89% to Rs 162.24 crore in the year ended March 2010 over the year ended March 2009. The company declared its results after market hours on Monday, 10 May 2010.

Net profit declined 4.01% to Rs 6.21 crore on 13.11% increase in net sales to Rs 58.13 crore in Q4 March 2010 over Q4 March 2009.

At the time of announcing the results, the board of directors of the company recommended a dividend at the rate of Rs 4 per share (40%) for the year ended March 2010.