Meanwhile, the BSE Sensex was down 129.82 points, or 0.40% at 19,812.40.

On BSE, 25,676 shares were traded in the counter as against an average daily volume of 12,394 shares in the past one quarter.

The stock hit a high of Rs 396 and a low of Rs 387.10 so far during the day. The stock had hit a record high of Rs 424 on 11 August 2010 and a 52-week low of Rs 309 on 9 November 2009.

The mid-cap stock had underperformed the market over the past one month till 22 September 2010, falling 1.71% compared with the Sensex's return of 8.37%. It had also underperformed the market in past one quarter, falling 1.03% as against 12.35% rise in the Sensex.

The company has an equity capital of Rs 35.27 crore. Face value per share is Rs 5.

Reliance Mutual Fund acquired 7.37 lakh shares in Maharashtra Seamless at Rs 385 per share in a bulk deal on the BSE on Wednesday, 22 September 2010. Sundaram Bnp Paribas Mutual Fund was the seller in the transaction.

Maharashtra Seamless' net profit surged 54% to Rs 100.46 crore on 5.8% fall in net sales to Rs 397.99 crore in Q1 June 2010 over Q1 June 2009.