Meanwhile, the S&P BSE Sensex was down 187.77 points, or 0.59% to 31,411.99.

On the BSE, 101 shares were traded in the counter so far, compared with average daily volumes of 10,000 shares in the past two weeks. The stock had hit a high of Rs 1459.70 and a low of Rs 1443.45 so far during the day.

Heritage Foods board had earlier approved splitting each share of face value of Rs 10 each into two equity shares of face value Rs 5 each.

Further, the company said that its board also approved purchase of assets, including building and machinery, of Shah Motilal Foods in Telangana for expansion of dairy division by setting up plant.

Heritage Foods' consolidated net profit fell 39.4% to Rs 10.37 crore on 32% increase in net sales to Rs 616.44 crore in Q1 June 2017 over Q1 June 2016.

Heritage Foods operates in dairy and renewable energy segments.