Meanwhile, the S&P BSE Sensex was down 72.52 points or 0.28% at 26,158.14.

On the BSE, 8,638 shares were traded on the counter so far as against the average daily volumes of 6,643 shares in the past one quarter. The stock had hit a high of Rs 394.90 and a low of Rs 381.15 so far during the day.

The stock had hit a 52-week high of Rs 465 on 31 August 2016 and a 52-week low of Rs 290 on 29 February 2016. It had outperformed the market over the past one month till 2 December 2016, sliding 2.01% compared with the Sensex's 4.71% fall. The scrip had, however, underperformed the market in the past one quarter, declining 8.35% as against the Sensex's 8.07% fall.

The small-cap company has equity capital of Rs 28 crore. Face value per share is Rs 10.

The company's net sales declined 2.2% to Rs 156.45 crore in Q2 September 2016 over Q2 September 2015.

State-run Dredging Corporation of India provides dredging services to the major ports of the country. The company is a pioneer organization in the field of dredging and maritime development. The Government of India owned 73.56% stake in the company end September 2016.