Meanwhile, the S&P Sensex was up 114.50 points or 0.39% at 29,700.35. The S&P Small-cap index was up 15.26 points or 0.11% at 14,021.66.

On the BSE, 3.62 lakh shares were traded on the counter so far as against the average daily volumes of 3.31 lakh shares in the past one quarter. The stock had hit a high of Rs 88.50 so far during the day, which is also its 52-week high. The stock hit a low of Rs 86 so far during the day.

The stock had hit a 52-week low of Rs 43.35 on 16 March 2016. The stock had underperformed the market over the past one month till 16 March 2017, advancing 3.6% compared with the Sensex's 4.54% rise. The scrip had, however, outperformed the market over the past one quarter advancing 23.15% as against the Sensex's 11.69% rise.

The small-cap company has equity capital of Rs 163.58 crore. Face value per share is Rs 10.

Nocil announced that its board at a meeting held on 16 March 2017, approved expansion of capacities of rubber chemicals and their intermediates at the company's plants situated at Navi Mumbai and Dahej.

The total capital expenditure envisaged is about Rs 170 crore. The expansion project is likely to be commissioned by the end of Q2 of FY 2019. The capital expenditure will be financed largely through internal accruals.

Nocil's net profit rose 26.2% to Rs 25.47 crore on 3.2% increase in net sales to Rs 173.84 crore in Q3 December 2016 over Q3 December 2015.

Nocil manufactures basic organic chemicals.