Meanwhile, the BSE Sensex was down 83.16 points, or 0.46% to 18,119.25.

On BSE, 2.34 lakh shares were traded in the counter as against average daily volume of 28,308 shares in the past one quarter.

The stock hit a high of Rs 22.85 and a low of Rs 20.10 so far during the day. The stock had hit a 52-week high of Rs 28.70 on 25 April 2011. The stock had hit a 52-week low of Rs 8.11 on 20 December 2011.

The small-cap stock had outperformed the market over the past one month till 15 February 2012, surging 46.71% compared with Sensex's 12.68% gain. The scrip had also outperformed the market over the past one quarter, rising 39.87% as against Sensex's 7.82% gain.

The company has an equity capital of Rs 32.15 crore. Face value per share is Rs 5.

The Balasore Alloys stock has jumped 26.24% in two trading sessions from Rs 17.49 on 14 February 2012, after the company announced stellar Q3 results after market hours on Tuesday, 14 February 2012. The stock had jumped by the maximum permissible level of 20% to settle at Rs 20.98 on Wednesday, 15 February 2012.

The company's net profit surged 144.4% to Rs 14.32 crore on 2.1% decline in net sales to Rs 160.06 crore in Q3 December 2011 over Q3 December 2010.

Balasore Alloys, formerly Ispat Alloys, is part of the Ispat Group of companies promoted by the Mittals. The company in engaged in manufacturing of ferro alloys. With multiple furnaces of different capacities, the company produces different types of ferro alloys.