Meanwhile, the BSE Sensex was down 45.18 points or 0.24% to 18,630.

On BSE, 65,000 shares were traded in the counter as against average daily volume of 1.04 lakh shares in the past one quarter.

The stock hit a high of Rs 23.40 and a low of Rs 22.60 so far during the day. The stock had hit a 52-week high of Rs 29.25 on 17 October 2011. The stock had hit a 52-week low of Rs 15.80 on 21 December 2011.

The small-cap stock had outperformed the market over the past one month till 12 October 2012, surging 26.48% compared with the Sensex's 3.75% rise. The scrip had also outperformed the market in past one quarter, jumping 11.41% as against Sensex's 8.37% surge.

The company has equity capital of Rs 32.68 crore. Face value per share is Re 1.

Shares of Electrosteel Castings have jumped 15.75% in three trading sessions from Rs 20 on 10 October 2012, after the company during trading hours on 11 October 2012 reported strong Q2 September 2012 earnings.

Electrosteel Castings net profit jumped 91.3% to Rs 37.04 crore on 8.1% growth in net sales to Rs 493.90 crore in Q2 September 2012 over Q2 September 2011.

Electrosteel Castings is a leading pipeline solution provider. The company has a strong brand presence around the globe.