The announcement was made during trading hours today, 10 February 2010.

Meanwhile, the BSE Sensex was down 117.24 points, or 0.73%, to 15,924.94.

On BSE, 8.79 lakh shares were traded in the counter as against an average daily volume of 3.89 lakh shares in the past one quarter.

The stock hit a high of Rs 17.50 and a low of Rs 15.75 so far during the day. The stock had hit a 52-week high of Rs 28 on 8 June 2009 and a 52-week low of Rs 7.61 on 9 March 2009.

The stock had underperformed the market over the past one month till 9 February 2010, falling 10.42% compared with the Sensex's 8.54% fall. It underperformed the market in past one quarter, declining 19.08% as against 2.77% decline in the Sensex.

The small-cap construction company has an equity capital of Rs 82.62 crore. Face value per share is Rs 10.

The commercial, retail and hotel development projects were at Nagpur in Maharashtra and Goa, the company said in a statement to the Bombay Stock Exchange.

Shares of Unity Infraprojects were trading up 0.66% at Rs 569.85.

On a consolidated basis, BSEL Infrastructure Realty's net profit declined 96.8% to Rs 0.42 crore on 91.1% decline in sales to Rs 2.45 crore in Q3 December 2009 over Q3 December 2008.

BSEL Infrastructure Realty is into real estate, property and infrastructure development.