The company made this announcement during trading hours today, 12 February 2009.

Meanwhile, the BSE Sensex was down 168.89 points, or 1.76%, to 9,449.65.

On BSE, 4,917 shares were traded in the counter. The stock had an average daily volume of 10,746 shares in the past one quarter.

The stock hit a high of Rs 29.45 and a low of Rs 24.20 so far during the day. The stock hit a 52-week high of Rs 124.50 on 18 February 2008 and a 52-week low of Rs 23.65 on 4 February 2009.

The small-cap stock had underperformed the market over the past one month till 11 February 2009, declining 21.42% as compared to the Sensex's return of 2.25%. It had underperformed the market in the past one quarter, declining 17.39% as compared to the Sensex's decline of 2.25%.

The company's current equity is Rs 3.59 crore. Face value per share is Rs 10.

The current price of Rs 26.25 discounts the company's Q3 December 2008 annualized EPS of Rs 9.47, by a PE multiple of 2.77.

The company has signed pact for acquisition of assets and business of RMM Global, Ohio, USA and its associate company TechNet Engineering Services, Mumbai for a total consideration $0.7 million.

RMM Global and TechNet provided structural steel detailing services for last eight years for their clients in USA. TechNet has more than 80 experienced engineering resources while RMM has more than 25 long-term clients in USA, Mold-Tek said.

The sales turnover of RMM in 2008 was around $1.50 million.

Mold-Tek Technologies' net profit fell 75.5% to Rs 0.85 crore on 81.4% fall in net sales to Rs 4.49 crore in Q3 December 2008 over Q3 December 2008.

The company is engaged in manufacturing injection and blow moulded plastic items in India with sophisticated in-house tool room facilities.