Meanwhile, the S&P BSE Sensex was up 368.22 points or 1.96% at 19,195.38.

On BSE, 4.76 lakh shares were traded in the counter with pending buy orders of 39,024 shares at upper circuit. The stock has an average daily volume of 2.77 lakh shares in the past one quarter.

The stock hit a low of Rs 29.20 so far during the day, which is a 52-week low for the counter. The stock hit high of Rs 31.60 so far during the day. The stock had hit a 52-week high of Rs 140 on 5 July 2012.

The stock underperformed the market over the past one month till 13 June 2013, falling 55.64% compared with the Sensex's 4.39% fall. The scrip had also underperformed the market in past one quarter, declining 51.61% as against Sensex's 2.77% fall.

The small-cap oil exploration firm has equity capital of Rs 130.49 crore. Face value per share is Rs 10.

Shares of Hindustan Oil Exploration Company (HOEC) dropped 50.17% in eleven trading sessions to Rs 30.10 on 13 June 2013 from a recent high of Rs 64.40 on 28 May 2013. The fall caught momentum after the company after market hours on 29 May 2013 reported poor Q4 results. The stock had remained unchanged on 5 June 2013.

HOEC reported net loss of Rs 28.33 crore in Q4 March 2013, as against net profit of Rs 7.55 crore in Q4 March 2012. Net sales rose 28.5% to Rs 33.36 crore in Q4 March 2013 over Q4 March 2012.

HOEC was incorporated in 1983 for taking up Exploration and Production (E&P) activities. The company has participating interest in nine oil/gas fields in India (in Cambay basin, Cauvery basin, Assam Arakan basin and Rajasthan basin), which are in varying stages of E&P life cycle i.e. exploration, development and production.