Meanwhile, the BSE Sensex was down 117.97 points, or 0.67% to 17,440.74.

On BSE, 1.51 lakh shares were traded in the counter as against an average daily volume of 1.05 lakh shares in the past one quarter.

The stock hit a high of Rs 57.05 and a low of Rs 51.10 so far during the day. The stock had hit a 52-week high of Rs 71.30 on 15 January 2010 and a 52-week low of Rs 23.75 on 12 May 2009.

The small-cap stock had outperformed the market over the past one month till 30 April 2010, gaining 14.87% as compared to the Sensex's 0.18% fall. It had also outperformed the market in the past one quarter, rising 11.23% as compared to the Sensex's return of 7.34%.

The company's equity capital is Rs 30.59 crore. Face value per share is Rs 2.

Finolex Cables' net sales surged 43.5% to Rs 457.38 crore in Q4 March 2010 over Q4 March 2009. The company declared its results after market hours on Friday, 30 April 2010.

Finolex Cables reported net profit of Rs 57.62 crore in the year ended March 2010 compared to net loss of Rs 35.49 crore in the year ended March 2009. Net sales rose 20.7% to Rs 1589.21 crore in the year ended March 2010 over the year ended March 2009.

At the time of announcing the results, the board of directors of the company recommended a dividend at the rate of 60 paise per share (30%) for the year ended March 2010.