Meanwhile, the BSE Sensex was up 151.89 points, or 0.91%, to 16,857.72.

On BSE, 87,000 shares were traded in the counter as against an average daily volume of 51,590 shares in the past one quarter.

The stock hit a high of Rs 42.90 and a low of Rs 38 so far during the day. The stock had hit a 52-week high of Rs 54 on 29 July 2011. The stock had hit a 52-week low of Rs 21 on 13 December 2011.

The stock had outperformed the market over the past one month until 18 June 2012, gaining 20.40% compared with the Sensex's 3.42% rise. The scrip had also outperformed the market in past one quarter, rising 28.98% as against 4.35% fall in the Sensex.

The small-cap company has an equity capital of Rs 30.59 crore. Face value per share is Rs 2.

Net profit of Finolex Cables rose 138.54% to Rs 44.56 crore on 12.19% rise in net sales to Rs 596.73 crore in Q4 March 2012 over Q4 March 2011.

Finolex Cables, the flagship company of the Finolex Group, is India's largest and leading manufacturer of electrical and telecommunication cables. The company has manufacturing facilities at Pimpri and Urse in Pune as well as at Goa and Uttarakhand.