Meanwhile, the S&P BSE Sensex was up 13.57 points or 0.05% at 28,675.15.

On the BSE, 33,000 shares were traded on the counter so far as against the average daily volumes of 31,884 shares in the past one quarter. The stock had hit a high of Rs 85.35 and a low of Rs 81.50 so far during the day.

The stock had hit a record high of Rs 101 on 30 October 2016 and a 52-week low of Rs 52 on 29 February 2016. The stock had outperformed the market over the past one month till 20 February 2017, advancing 11.86% compared with the Sensex's 6.02% rise. The scrip had also outperformed the market over the past one quarter, gaining 17.72% as against the Sensex's 9.6% rise.

The small-cap company has equity capital of Rs 11 crore. Face value per share is Rs 5.

Shares of Umang Dairies had rallied 16.52% to settle at Rs 85.35 yesterday, 20 February 2017 after promoter shareholding rejig via bulk deal mechanism on the stock exchanges.

Accurate Finman Services sold 11.50 lakh shares of Umang Dairies to Juggilal Kamlapat Udyog at Rs 73.75 per share in a bulk deal on the BSE on 20 February 2017. On the same day, Accurate Finman Services offloaded 10.50 lakh shares to Bengal & Assam Company at Rs 74.25 a piece in a bulk deal on the NSE.

Promoter entities Accurate Finman Services, Juggilal Kamlapat Udyog and Bengal & Assam Company held 11.81%, 12.27% and 45.1% stake in Umang Dairies end December 2016.

Umang Dairies reported net loss of Rs 0.18 crore in Q3 December 2016 compared with net profit of Rs 2.79 crore in Q3 December 2015. Net sales rose 9% to Rs 36.43 crore in Q3 December 2016 over Q3 December 2015.

Umang Dairies is a dairy product manufacturing company. It produces and markets skimmed milk powder, butter, pure ghee, varieties of dairy whiteners and premixes compatible with tea & coffee vending machines and liquid milk in poly pouches for retail and institutional customers.