Meanwhile, the S&P BSE Sensex was down 11.90 points or 0.04% at 26,751.56.

On BSE, so far 76,000 shares were traded in the counter as against average daily volume of 49,566 shares in the past one quarter. The stock hit a high of Rs 92.70 and a low of Rs 89.95 so far during the day. The stock had hit a record high of Rs 101.25 on 20 October 2015. The stock had hit a 52-week low of Rs 58.40 on 29 June 2015. The stock had outperformed the market over the past one month till 9 June 2016, gaining 8.24% compared with Sensex's 4.18% rise. The scrip had also outperformed the market in past one quarter, advancing 24.7% as against Sensex's 7.94% rise.

The small-cap company has equity capital of Rs 12.89 crore. Face value per share is Rs 1.

The expansion of the cement capacity will be carried out at estimated outlay of Rs 400 crore. The company did not mention how it intends to finance the expansion programme.

KCP reported net loss of Rs 1.75 crore in Q4 March 2016 compared with net profit of Rs 13.45 crore in Q4 March 2015. Net sales rose 14.5% to Rs 186.82 crore in Q4 March 2016 over Q4 March 2015.

KCP is engaged in two main business segments viz. cement and heavy engineering. It also has captive power plants.