Singer India fell 6.35% to Rs 143.75 at 15:03 IST on BSE on profit booking after the stock surged 61.41% in the preceding five trading sessions to Rs 153.50 on 21 August 2014, from a recent low of Rs 95.10 on 13 August 2014.
Meanwhile, the BSE Sensex was up 83.16 points, or 0.32%, to 26,443.27.
On BSE, so far 68,000 shares were traded in the counter, compared with an average volume of 27,994 shares in the past one quarter.
The stock hit a high of Rs 153.45 and a low of Rs 142.30 so far during the day. The stock hit a 52-week high of Rs 162.25 on 21 August 2014. The stock hit a 52-week low of Rs 69.45 on 14 March 2014.
The stock had outperformed the market over the past one month till 21 August 2014, rising 58% compared with 2.51% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 91.52% as against Sensex's 8.49% rise.
The small-cap company has an equity capital of Rs 10.74 crore. Face value per share is Rs 10.
Singer India will announce audited financial results for the year ended 30 June 2014 on 27 August 2014. Net profit of Singer India declined 84.86% to Rs 1.36 crore on 19.22% rise in net sales to Rs 64.02 crore in Q3 March 2014 over Q3 March 2013.
Singer India is engaged in sewing machines and other consumer durable business.
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