Meanwhile, the BSE Sensex was down 12.96 points, or 0.07%, to 17,927.59.

On BSE, 11,307 shares were traded in the counter as against an average daily volume of 28,147 shares in the past one quarter.

The stock hit a high of Rs 35 and a low of Rs 34 so far during the day. The stock had hit a 52-week high of Rs 64.40 on 15 November 2010 and a 52-week low of Rs 30.40 on 22 March 2011.

The stock had outperformed the market over the past one month till 3 August 2011, rising 2.15% compared with the Sensex's 4.38% fall. The scrip had, however, underperformed the market in past one quarter, falling 5.01% as against 3.21% decline in the Sensex.

The small-cap textile manufacturer has an equity capital of Rs 49.23 crore. Face value per share is Rs 5.

Himatsingka Seide's net sales rose 9.6% to Rs 320.69 crore in Q1 June 2011 over Q1 June 2010. The company declared its results after market hours on Thursday, 4 August 2011.

Commenting on the results, Mr Shrikant Himatsingka, executive director of the company said "In the backdrop of a challenging macroeconomic environment, we are pleased with the growth demonstrated by our manufacturing and distribution divisions during the quarter. While operational profitability has shown significant improvement year-on-year, we continue to focus on enhancing our operating margins across divisions".

The Himatsingka Group is a vertically integrated home textile major with a global footprint. On the manufacturing front, the group operates amongst the largest capacities in the world for producing upholstery fabrics, drapery fabrics and bed linen products.