Meanwhile, the BSE Sensex was down 258.38 points, or 1.28%, to 19,926.36.

On BSE, 50,162 shares were traded in the counter compared with the average volume of 2.65 lakh shares in the past one quarter.

The stock hit a high of Rs 116.80 and a low of Rs 112.25 so far during the day. The stock had hit a 52-week high of Rs 152.45 on 31 March 2010 and a 52-week low of Rs 95 on 5 February 2010.

The small-cap stock had underperformed the market over the past one month till 6 January 2011, falling 4.39% compared with the Sensex's return of 1.02%. It had also underperformed the market in past one quarter, declining 3.88% as against 1.74% fall in the Sensex.

The company has an equity capital of Rs 22.82 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 1.72% based on closed price of Rs 116.40 on Thursday, 6 January 2011.

NELCO's net profit rose 29.9% to Rs 29.68 crore on 29.6% fall in total income to Rs 81.80 crore in the quarter ended September 2010 over the quarter ended September 2009.