Meanwhile, the S&P Sensex was up 264.51 points or 0.86% at 31,014.54. The S&P BSE Small-cap index was up 224.41 points, or 1.51% at 15,073.14.

On the BSE, 1.75 lakh shares were traded on the counter so far as against the average daily volumes of 2.5 lakh shares in the past one quarter. The stock had hit a high of Rs 36 and a low of Rs 33.70 so far during the day.

The stock had hit a record high of Rs 52.25 on 16 December 2016 and a 52-week low of Rs 19.40 on 29 September 2016. The stock had underperformed the market over the past one month till 25 May 2017, dropping 9.04% compared with 2.69% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 4.4% as against Sensex's 6.43% rise.

The small-cap company has equity capital of Rs 20 crore. Face value per share is Re 1.

Ujaas Energy received letter of intent from Arunachal Pradesh Energy Development Agency for design, supply, installation, testing and commissioning of 200 kilowatt peak (kWp) grid connected solar photovoltaic plant at the state assembly building in Itanagar, Arunachal Pradesh.

Ujaas Energy's net profit surged 266.5% to Rs 8.54 crore on 113.8% growth in net sales to Rs 97.66 crore in Q3 December 2016 over Q3 December 2015.

Ujaas Energy is engaged in the design of various products and solutions for producing clean energy.