Meanwhile, the S&P BSE Sensex was up 131.93 points or 0.42% at 31,423.78. The S&P BSE Small-Cap index was up 122.37 points or 0.8% at 15,510.99.

High volumes were witnessed on the counter. On the BSE, 9.66 lakh shares were traded in the counter so far as against average daily volume of 1.42 lakh shares in the past one quarter. The stock had hit a high of Rs 110.25 and a low of Rs 102.10 so far during the day. The stock had hit a 52-week high of Rs 209.90 on 3 May 2017. The stock had hit a 52-week low of Rs 96.35 yesterday, 22 August 2017.

The stock had dropped 14.57% in last four sessions to settle at Rs 100.25 yesterday, 22 August 2017, from a close of Rs 117.35 on 16 August 2017.

The stock had underperformed the market over the past one month till 22 August 2017, falling 35.26% compared with 2.3% decline in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 46.79% as against Sensex's 2.36% rise. The scrip had also underperformed the market in past one year, slumping 46.2% as against Sensex's 11.81% rise.

The small-cap company has equity capital of Rs 39.48 crore. Face value per share is Rs 2.

In continuation to Indo Count Industries' press release on 10 August 2017 on Q1 June 2017 results, company emphasized that it has not lost any customers. The company strongly denied the rejection of orders by any of its customers. These rumours are totally false and baseless, it added.

As a part of its foreign exchange policy, the company is adequately covered for the year ending 31 March 2018 (FY 2018). The company is vigilant towards the rupee movement and going forward for FY 2019, the company is taking adequate steps to hedge accordingly.

The company maintained FY 2018 to be flattish. ICRA has reaffirmed the credit rating of 'ICRA AA -' and 'ICRA A1+' for the company's banking facilities; with outlook revised to 'Positive' from 'Stable'.

On 10 August 2017, Indo Count Industries said that net profit fell 47% to Rs 31.97 crore on 16.2% decline in net sales to Rs 399.42 crore in Q1 June 2017 over Q1 June 2016. The stock had pummeled 13.24% to Rs 115.30 on 11 August 2017 reacting to weak Q1 results.

Indo Count Industries is one of India's largest home textile manufacturer.