Meanwhile, the BSE Sensex was down 51.50 points, or 0.28%, to 18,079.46.

On BSE, 46,000 shares were traded in the counter as against an average daily volume of 88,088 shares in the past one quarter.

The stock hit a high of Rs 630 and a low of Rs 604 so far during the day. The stock had hit a 52-week high of Rs 777.45 on 15 July 2010 and a 52-week low of Rs 417.10 on 10 February 2011.

The stock had outperformed the market over the past one month until 15 June 2011, gaining 23.56% compared with the Sensex's 2.15% fall. The scrip had also outperformed the market in past one quarter, soaring 29.02% as against 0.19% decline in the Sensex.

The small-cap diversified company has an equity capital of Rs 14.09 crore. Face value per share is Rs 10.

NESCO did not cite the reason for cancelling the stock-split proposal. Earlier, the board of NESCO had announced a 10-for-1 stock-split on 11 November 2010.

NESCO's net profit rose 12.3% to Rs 21.02 crore on 8.2% decline in net sales to Rs 40.34 crore in Q4 March 2011 over Q4 March 2010.