Meanwhile, the BSE Sensex was down 114.77 points, or 0.41%, to 28,106.21.

On BSE, so far 16,000 shares were traded in the counter, compared with average daily volume of 5,987 shares in the past one quarter. The stock hit a high of Rs 4,698.50 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 4,381.10 so far during the day. The stock hit a 52-week low of Rs 3,050 on 26 February 2016. The stock had outperformed the market over the past 30 days till 5 October 2016, rising 6.60% compared with 2.61% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.95% as against Sensex's 3.75% rise.

The mid-cap company has equity capital of Rs 11.27 crore. Face value per share is Rs 10.

Shares of Lakshmi Machine Works rose 10.17% in four trading sessions to settle at Rs 4,538.70 yesterday, 5 October 2016, from its close of Rs 4,119.75 on 29 September 2016.

Net profit of Lakshmi Machine Works declined 23.3% to Rs 33.14 crore on 9.9% decline in net sales to Rs 544.70 crore in Q1 June 2016 over Q1 June 2015.

Lakshmi Machine Works manufacturers entire range of textile spinning machinery from blow room to ring spinning.