Meanwhile, the S&P BSE Sensex was down 21.43 points or 0.1% at 21,268.06.

On BSE, so far 1,312 shares were traded in the counter as against average daily volume of 331 shares in the past one quarter.

The stock hit a high of Rs 936.10 and low of Rs 913 so far during the day. The stock had hit a 52-week high of Rs 995 on 22 May 2013. The stock had hit a 52-week low of Rs 783 on 2 January 2014.

The stock had outperformed the market over the past one month till 15 January 2014, advancing 3.08% compared with the Sensex's 2.77% rise. The scrip had also outperformed the market in past one quarter, surging 4.86% as against Sensex's 3.61% rise.

The small-cap company has equity capital of Rs 7.37 crore. Face value per share is Rs 10.

Shares of ISGEC Heavy Engineering have surged 8.36% in two trading sessions from a recent low of Rs 849.10 on 14 January 2014 after the company during trading hours on Wednesday, 15 January 2014 said it has scheduled a board meeting on 18 January 2014, to consider the buyback of equity shares. The stock surged by the maximum permissible level of 5% to settle at Rs 891.55 on Wednesday, 15 January 2014.

ISGEC Heavy Engineering's net profit rose 0.9% to Rs 33.95 crore on 6.3% decline in net sales to Rs 699.03 crore in Q4 September 2013 over Q4 September 2012.

ISGEC Heavy Engineering is engaged in the manufacturing of heavy engineering equipment.