Meanwhile, the S&P BSE Sensex was up 60.61 points or 0.21% at 28,529.19.

On the BSE, 48,000 shares were traded on the counter so far as against the average daily volumes of 53,528 shares in the past one quarter. The stock had hit a high of Rs 262 and a low of Rs 250.60 so far during the day.

The stock had hit a record high of Rs 284 on 16 January 2017 and a 52-week low of Rs 130.10 on 18 February 2016. The stock had underperformed the market over the past one month till 17 February 2017, sliding 6.55% compared with the Sensex's 4.53% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 25.77% as against the Sensex's 8.54% rise.

The small-cap company has equity capital of Rs 88.20 crore. Face value per share is Rs 10.

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) said it has started commercial production of its new grades of NPK fertilisers under its flagship brand Mahadhan.

The new manufacturing facility at Taloja is installed with the latest INCR0 technology and has a provision of manufacturing multiple grades of fertilizers. Being a brownfield project, significant cost optimisation is achieved and the total investment is below Rs 800 crore. This is the only fertilizer plant in india that has one-of-its kind fully automated bagging facility. The new state-of-the art facility is set to augment company's production capacity by almost four times, from the current 3 lakh tonne to 11 lakh tonnes in a phased manner.

With the increased capacity, DFPCL will be the largest manufacturer of NPK fertilizers in Maharashtra. In addition to its core markets of Maharashtra, Karnataka and Gujarat, DFPCL will also cater to newer geographies in Southern and Northern agrarian markets of the country.

DFPCL's net profit surged 104.9% to Rs 46.62 crore on 4.7% decline in net sales to Rs 1050.50 crore in Q3 December 2016 over Q3 December 2015.

DFPCL is among India's leading producers of industrial chemicals and fertilisers. The company offers a basket of over 48 traded products which include bulk fertilizers, specialty fertilizers, water soluble fertilizers, micro nutrients and secondary nutrients.