Meanwhile, the BSE Sensex was up 143.04 points, or 0.79% to 18,297.03.

On BSE, 8.01 lakh shares were traded in the counter as against average daily volume of 1.84 lakh shares in the past one quarter.

The stock hit a high of Rs 28.85 and a low of Rs 26.25 so far during the day. The stock had hit a 52-week high of Rs 131.50 on 17 February 2011. The stock had hit a 52-week low of Rs 17.70 on 26 December 2011.

The small-cap stock had underperformed the market over the past one month till 16 February 2012, falling 20.06% compared with the Sensex's 12.14% gain. The scrip had also underperformed the market in past one quarter, declining 38.96% as against Sensex's 8.21% gain.

The company has an equity capital of Rs 9.63 crore. Face value per share is Rs 2.

The ICSA (India) stock had fallen 9.53% in two trading sessions to settle at Rs 27.50 on Thursday, 16 February 2012 from Rs 30.40 on 14 February 2012, after the company announced poor Q3 results after market hours on 14 February 2012.

ICSA (India) reported net loss of Rs 32.89 crore in Q3 December 2011, compared with net profit of Rs 31.59 crore in Q3 December 2010. Net sales declined 47% to Rs 193.66 crore in Q3 December 2011 over Q3 December 2010.

ICSA (India) is in the business of providing technology solutions to power utilities. The company also deploys infrastructure in distribution and transmission sectors for different state utilities. The company's product line includes intelligent automatic meter reading system, multiplexer unit, distribution transformer monitoring system, substation controller, micro remote terminal unit, theft detection devices, pole top RTU and SCADA solutions.