Meanwhile, the BSE Sensex was up 43.70 points or 0.23% to 18,753.72.

On BSE, 24,000 shares were traded in the counter as against average daily volume of 71,514 shares in the past one quarter.

The stock hit a high of Rs 127.80 and a low of Rs 124 so far during the day. The stock had hit a 52-week of Rs 131 on Tuesday, 23 October 2012. The stock had hit a 52-week low of Rs 36.60 on 29 December 2011.

The stock had outperformed the market over the past one month till 23 October 2012, surging 27.29% compared with the Sensex's 0.23% fall. The scrip also outperformed the market in past one quarter, jumping 57.61% as against Sensex's 10.86% surge.

The small-cap company has equity capital of Rs 58.83 crore. Face value per share is Rs 5.

Shares of JK Lakshmi Cement had rallied 9.29% in two trading sessions to settle at Rs 126.40 on Tuesday, 23 October 2012, from a recent low of Rs 115.65 on 19 October 2012, after the company reported strong Q2 results on Saturday, 20 October 2012.

JK Lakshmi Cement's net profit jumped 684% to Rs 50.88 crore on 38.4% growth in net sales to Rs 490.16 crore in Q2 September 2012 over Q2 September 2011.

JK Lakshmi Cement has attributed the increase in profitability to the increase in sales volume, improved sales realization, further improved efficiencies of power and fuel consumption, almost 100% stabilization of the new grinding unit in Haryana and better control over costs. Mrs. Vinita Singhania, Managing Director, JK Lakshmi Cement also said that the company's expansion plans in the East are making satisfactory progress which is expected to go on stream by December 2013.

JK Lakshmi Cement manufactures cement, which it sells under the brand name JK Lakshmi.