Meanwhile, the BSE Sensex was up 74.67 points, or 0.40%, to 18,768.53.

On BSE, 40,355 shares were traded in the counter as against an average daily volume of 75,433 shares in the past one quarter.

The stock hit a high of Rs 30 and a low of Rs 29.40 so far during the day. The stock had hit a 52-week low of Rs 28.45 last Thursday, 23 June 2011. The stock had hit a 52-week high of Rs 56 on 6 September 2010.

The small-cap stock had underperformed the market over the past one month till 29 June 2011, rising 1.68% compared with the Sensex's return of 2.34%. The scrip had, however, outperformed the market in past one quarter, falling 0.49% as against 2.23% decline in the Sensex.

The company has an equity capital of Rs 32.68 crore. Face value per share is Rs 1.

Before turning ex-dividend, the stock offered a dividend yield of 4.12% based on the closing price of Rs 30.35 on Wednesday, 29 June 2011.

Electrosteel Castings' net profit soared 85.3% to Rs 38.51 crore on 60.5% rise in net sales to Rs 506.04 crore in Q4 March 2011 over Q4 March 2010.