Meanwhile, the BSE Sensex was up 152.52 points, or 0.54%, to 28,495.53.

On BSE, so far 2.61 lakh shares were traded in the counter, compared with average daily volume of 69,994 shares in the past one quarter. The stock hit a high of Rs 192.20 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 184.50 so far during the day. The stock hit a 52-week low of Rs 109.50 on 8 September 2015. The stock had outperformed the market over the past 30 days till 30 August 2016, rising 6.04% compared with 1.21% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 21.19% as against Sensex's 6.10% rise.

The small-cap company has equity capital of Rs 43.83 crore. Face value per share is Rs 10.

According to a media reports, Warburg Pincus and Bain Capital have expressed interest to buy into the lighting business of Surya Roshni, as the New Delhi-headquartered company is demerging it into a standalone unit. The private equity acquirers could shell about $400 million for the acquisition of the business, as per reports.

Net profit of Surya Roshni rose 27.16% to Rs 20.93 crore on 7.64% rise in net sales to Rs 845.44 crore in Q4 March 2016 over Q4 March 2015.

Surya Roshni has emerged as a vast conglomerate by being the largest in the steel segment and second largest in the realm of lighting. Surya has ventured into various other latitudes of business like fans, cold rolled strips and PVC pipes etc.