The company made this announcement after trading hours on Thursday, 6 December 2007.

Meanwhile, BSE Sensex was up 200.31 points or 1.01% to 19,996.18 as worries about a US recession continued to ease after US President George W. Bush, on Thursday, 6 December 2007, unveiled plans aimed at stemming US home loan foreclosures.

On BSE 52,103 shares were traded in the counter. The stock had an average daily volume of 33,350 shares in the past one quarter.

The stock hit a high of Rs 111.80 and a low of Rs 105 so far during the day. The stock has a 52-week high of Rs 136.80 on 6 July 2007 and a 52-week low of Rs 54 on 12 December 2006.

The small-cap scrip had outperformed the market over the past one month till 6 December 2007, gaining 18.71% as compared to the Sensex’s return of 2.62%. It had underperformed the market in the past one quarter, rising 11.82 as compared to the Sensex’s rise of 26.97%.

The company’s current equity is Rs 6.30. Face value per share is Rs 5.

The current price of Rs 108 discounts Q2 September 2007 annualized EPS of Rs 5.30 by a PE multiple of 20.38.

Ihsedu Specialty Chemicals is setting up a unit for manufacturing specialty chemicals based on castor oil at an estimated cost of Rs 60 crore.

Jayant Agro Organics’ net profit rose 14.4% to Rs 1.67 crore on 43.5% growth in net sales to Rs 148.19 crore in Q2 September 2007 over Q2 September 2006.

The company is engaged in manufacturing caster oil and its derivatives. It also manufactures hydrogenated castor oil, castor refined oil, 12 hydroxy stearci acid, fatty acid and other derivatives.