Meanwhile, the BSE Sensex was down 73.16 points, or 0.28%, to 25,906.44.

On the BSE, so far 7,388 shares were traded in the counter, compared with average daily volumes of 14,582 shares in the past one quarter. The stock had hit a high of Rs 88 and a low of Rs 80.60 so far during the day.

The stock hit a record high of Rs 134.40 on 3 August 2016. The stock hit a 52-week low of Rs 75.95 on 17 February 2016. The stock had underperformed the market over the past 30 days till 22 December 2016, falling 7.36% compared with the 0.28% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 27.42% as against Sensex's 9.38% decline.

The small-cap company has equity capital of Rs 4.40 crore. Face value per share is Rs 2.

Net profit of Goodluck India declined 60.2% to Rs 4.41 crore on 3.7% rise in net sales to Rs 281.40 crore in Q2 September 2016 over Q2 September 2015.

Goodluck India changed its name from Good Luck Steel Tubes in June 2016. The company is engaged in manufacturing and exporting of a wide range of galvanized sheets & coils, towers, hollow sections, CR coils CRCA and pipes & tubes. It also specializes in providing telecommunication structures, ERW steel tubes, ERW steel pipes, and galvanized black steel tubes.