The BSE Sensex, meanwhile, was up 35 points, or 0.23%, to 15 ,652 following overnight gain in US stocks as a series of mixed reports on the US economy made investors more optimistic about the chances of an interest rate cut by the US Federal Reserve.

On BSE, 868 shares were traded on the counter today. The scrip had an average daily volume of 6,353 shares in the past one quarter.

Shares of the third largest automobile engine parts maker by sales had hit a high of Rs 173 and a low of Rs 170 so far during the day. The stock had touched a 52-week high of Rs 449.40 on 5 January 2007 and a 52-week low of Rs 143.05 on 24 August 2007.

Federal-Mogul Goetze (India) had underperformed the market over the last one month 6 September 2007, rising 1.55% compared to the Sensex’s rise of 2.01%. It had also underperformed the market over the past quarter, declining 29.18% compared to the Sensex’s gain of 11.04%.

From a recent high of Rs 181.45 on 1 August 2007, the scrip declined 20.44% to Rs 144.35 on 24 August 2007. It rose to Rs 170 on 6 September 2007.

The company's current equity is Rs 25.29 crore. Face value per share is Rs 10.

The current market price of Rs 172 discounts its Q2 June 2007 annualised EPS of Rs 1.36 by a PE multiple of 126.47.

Federal-Mogul Goetze (India) announced durng market hours today, 7 September 2007, that it has fixed 24 September 2007 as the record date for the purpose of rights issue.

Federal-Mogul Goetze (India)’s board on 27 August 2007 had approved rights issue of 73.33 lakh equity shares of Rs 10 each at an issue price of Rs 145 per equity share (including a premium of Rs 135 per equity share) aggregating Rs 106.33 crore. The rights issue will be in the ratio of 29:100 (29 equity shares for every 100 equity shares held).

On 14 August 2007, the company had revised downward the price band of its rights issue to Rs 145-Rs 170 per share, from the earlier band of Rs 180-Rs 215.

Federal-Mogul Goetze (India) reported a net profit of Rs 0.86 crore in Q2 June 2007 as against net loss of Rs 6.46 crore in Q2 June 2006. Sales rose 28.01% to Rs 146.58 crore in Q2 June 2007 over Q2 June 2006.

The products of Federal-Mogul Goetze (India) range from piston rings, pistons, cylinder liners, light alloy castings to sintered products. Within the original equipment manufacturing (OEM) segment, the company's revenue is spread across all auto players including Tata Motors, M&M, Bajaj Auto and TVS.