Meanwhile, the S&P BSE Sensex was up 52.99 points or 0.24% at 22,470.79.

On BSE, so far 5,500 shares were traded in the counter as against average daily volume of 1,887 shares in the past one quarter.

The stock hit a high of Rs 741.80 and a low of Rs 725.15 so far during the day. The stock had hit a record high of Rs 772.80 on 7 April 2014. The stock had hit a 52-week low of Rs 431 on 6 August 2013.

The stock had outperformed the market over the past one month till 30 April 2014, surging 3.61% compared with the Sensex's 0.35% rise. The scrip had also outperformed the market in past one quarter, jumping 19.24% as against Sensex's 9.36% rise.

The small-cap company has equity capital of Rs 12.42 crore. Face value per share is Rs 10.

Shares of Swaraj Engines have risen 7.75% in two trading sessions from a recent low of Rs 680.25 on 29 April 2014, after the company after market hours on 29 April 2014, reported strong Q4 March 2014 earnings. The stock had surged 6.06% to settle at Rs 721.50 on Wednesday, 30 April 2014. The stock market was closed on Thursday, 1 May 2014, on account of May Day.

Swaraj Engines' net profit rose 25.3% to Rs 17.46 crore on 39.7% growth in net sales to Rs 158.27 crore in Q4 March 2014 over Q4 March 2013.

Swaraj Engines' net profit rose 20.9% to Rs 67 crore on 27.3% growth in net sales to Rs 604.07 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

Driven by strong growth in engine supplies to Swaraj Division of Mahindra & Mahindra (M&M), fiscal 2014 stands out as the best year in terms of both sale volumes and profit, Swaraj Engines said. On its highest ever engine sales of 74,062 units (last year 57,377 units), the company registered an impressive growth of 27% in net operating revenue to reach Rs 608.30 crore, compared to Rs 479 crore in the previous year. Timely completion of capacity expansion in last year helped the company to take full advantage of enhanced demand, Swaraj Engines said in a statement.

Swaraj Engines' board of directors at its meeting held on Tuesday, 29 April 2014, recommended dividend of Rs 15 per share for FY 2014. Following its Investor friendly approach and keeping in view of company's surplus cash position, the Board, over and above the said normal dividend, has continued with a special dividend of Rs 20 per share for FY 2014 as well, taking the total dividend to Rs 35 per share for FY 2014.

Swaraj Engines is in the business of supplying engines to the Swaraj Division of Mahindra & Mahindra (M&M). The company is also a supplier of hi-tech engine components to SML Isuzu