Meanwhile, the S&P BSE Sensex was down 183.57 points or 0.57% at 32,090.10. The S&P BSE Small-Cap index declined 109.36 points or 0.68% at 15,999.85.

On the BSE, 1.87 lakh shares were traded on the counter so far as against the average daily volumes of 1.24 lakh shares in the past one quarter. The stock had hit a high of Rs 40 and a low of Rs 38.65 so far during the day. The stock had hit a record high of Rs 46.50 on 7 April 2017 and a 52-week low of Rs 27.70 on 11 August 2016.

The stock had underperformed the market over the past one month till 7 August 2017, sliding 6.77% compared with the Sensex's 2.91% rise. The stock had also underperformed the market over the past one quarter, declining 3.85% as against the Sensex's 8.09% rise. The scrip had, however, outperformed the market over the past one year, advancing 36.82% as against the Sensex's 14.94% rise.

The small-cap company has equity capital of Rs 22.67 crore. Face value per share is Rs 1.

Grauer & Weil (India) is engaged in the manufacture of electroplating, and allied chemicals and engineering plants to surface coating industry in India.