The stock opened at Rs. 117 against the previous close of Rs. 110.25 and hit a high of Rs. 117.95.
At about 10.25 am, the stock was up 4.17 per cent or Rs. 4.60 at Rs. 114.85.
The company has reported a profit of Rs. 3.28 crore in the October-December quarter compared with a loss of Rs. 39 lakh for the same period last year.
The company has got a Letter of Intent from the National Institute of Ocean Technology, Ministry of Earth Sciences, for construction and delivery of two coastal research vessels worth Rs. 100 crore.
As of Monday’s close, the stock has fallen 21.7 per cent in the past one year.