Meanwhile, the S&P BSE Sensex was up 128.13 points or 0.37% at 34,578.90.

On the BSE, 1,092 shares were traded on the counter so far as against the average daily volumes of 671 shares in the past two weeks. The stock had hit a high of Rs 2,123 and a low of Rs 2,073.60 so far during the day. The stock had hit a record high of Rs 2,545 on 21 June 2017 and a 52-week low of Rs 1,501.05 on 21 April 2017.

Swaraj Engines' board of directors has recommended an equity dividend of Rs 25 per share for the financial year ended 31 March 2018 (FY 2018). Further, keeping in view of the company's fund position, the board, has also recommended a special dividend payment of Rs 25 per share, taking the total dividend to Rs 50 per share for FY 2018.

Swaraj Engines is into manufacturing and supplying of diesel Engines. It also manufactures hi-tech engine components.