Swan Energy fell 14.11% to Rs 172.30 at 12:31 IST on BSE on profit booking after a recent rally.
Meanwhile, the BSE Sensex was down 65.49 points, or 0.25%, to 26,424.07.
On the BSE, so far 10.79 lakh shares were traded in the counter, compared with average daily volumes of 4.43 lakh shares in the past one quarter. The stock had hit a high of Rs 205.45 and a low of Rs 171 so far during the day.
The stock hit a record high of Rs 213.40 on 14 December 2016. The stock hit a 52-week low of Rs 57.50 on 16 May 2016. The stock had outperformed the market over the past 30 days till 16 December 2016, rising 61.38% compared with the 1% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 223.03% as against Sensex's 7.38% decline.
The mid-cap company has equity capital of Rs 22.12 crore. Face value per share is Re 1.
Shares of Swan Energy rose 16.73% in two trading sessions to settle at Rs 200.60 on Friday, 16 December 2016, from its close of Rs 171.85 on 14 December 2016.
The stock jumped 5.11% to end at Rs 200.60 on Friday, 16 December 2016, after the company announced during trading hours that day that Government of Gujarat has decided to acquire 26% stake in the company's LNG port project in Gujarat.
Swan Energy is developing India's first LNG port along with Floating and Regasification Unit (FSRU) near Jafrabad in Gujarat with a total investment of Rs 5900 crore. A subsidiary company and special purpose vehicle company namely Swan LNG is implementing this project. Government of Gujarat has decided to participate in the project by acquiring 26% stake in the LNG port project through Gujarat State Petronet and Gujarat Maritime Board jointly.
Swan Energy's net profit jumped 1170.6% to Rs 2.16 crore on 1.6% growth in net sales to Rs 96.09 crore in Q2 September 2016 over Q2 September 2015.
Swan Energy is engaged in the manufacturing of textile products. The company is also engaged in the real estate development and energy businesses.
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