Meanwhile, the S&P BSE Sensex was up 91.75 points or 0.32% at 28,690.78.

On BSE, so far 18,281 shares were traded in the counter as against average daily volume of 13,077 shares in the past one quarter. The stock hit high of Rs 888, so far during the day, which is a record high for the stock. The stock hit low of Rs 838 so far during the day. The stock had hit a 52-week low of Rs 368 on 18 September 2015. The stock had outperformed the market over the past one month till 16 September 2016, gaining 28.36% compared with Sensex's 1.9% rise. The scrip had also outperformed the market in past one quarter, surging 54.22% as against Sensex's 7.82% rise.

The mid-cap company has equity capital of Rs 23.20 crore. Face value per share is Rs 10.

As per reports, if the deal fructifies, Kishore Biyani promoted Future Group would see an addition to its stable a network of more than 100 grocery outlets in Hyderabad, Chennai and Bengaluru.

Shares of Future Retail fell 0.17% to Rs 150.50. Shares of Future Enterprises rose 0.91% to Rs 16.60.

Heritage Foods' consolidated net profit rose 54.1% to Rs 16.52 crore on 9.1% rise in net sales to Rs 619.45 crore in Q1 June 2016 over Q1 June 2015.

Heritage Foods operates in dairy, retail, agri, bakery and renewable energy segments.