The company made this announcement during trading hours today, 2 January 2008.

Meanwhile, BSE Sensex was down 201.63 points or 0.99% to 20,099.08.

On BSE, 3.81 lakh shares were traded in the counter. The stock had an average daily volume of 1.14 lakh shares in the past one quarter.

The stock hit a high of Rs 104.60 so far during the day, which is a record high. The stock touched a low of Rs 94.70 so far during the day. The stock has a 52-week low of Rs 23.05 on 29 March 2007.

The mid-cap scrip had outperformed the market over the past one month till 1 January 2008, gaining 41.85% as compared to the Sensex’s return of 3.56%. It had also outperformed the market in the past one quarter, rising 178.35% as compared to the Sensex’s rise of 13.75%.

The company’s current equity is Rs 27.83. Face value per share is Rs 2.

The current price of Rs 101.70 discounts Q2 September 2007 annualized EPS of Rs 5.34 PE multiple of 19.04.

Gujarat Ambuja Exports’ net profit rose 61.3% to Rs 18.58 crore on 4.7% rise in net sales to Rs 374.94 crore in Q2 September 2007 over Q2 September 2007.

Gujarat Ambuja Exports manufactures refined castor oil, hydrated castor oil and hydrogenated castor oil.