Meanwhile, the S&P BSE Sensex was up 130.07 points or 0.53% at 24,814.92.

On BSE, so far 1,327 shares were traded in the counter as against average daily volume of 2,685 shares in the past one quarter.

The stock hit a high of Rs 208 and a low of Rs 205 so far during the day. The stock had hit a 52-week high of Rs 227 on 23 May 2014. The stock had hit a 52-week low of Rs 145 on 7 August 2013.

The stock had outperformed the market over the past one month till 2 June 2014, advancing 13.78% compared with Sensex's 10.18% rise. The scrip had also outperformed the market in past one quarter, jumping 22.61% as against Sensex's 16.88% rise.

The small-cap firm has equity capital of Rs 11.31 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 2.32% based on the closing price of Rs 215.05 on Monday, 2 June 2014.

India Nippon Electricals' net profit declined 43.9% to Rs 4.72 crore on 9.9% growth in net sales to Rs 73.58 crore in Q4 March 2014 over Q4 March 2013.

India Nippon Electricals makes electronic ignition systems for two-wheelers, three wheelers and portable engines.