The company made this announcement after trading hours on 24 April 2008.

Meanwhile, the BSE Sensex was up 161.70 points, or 0.96%, to 16,881.83, after US stocks rose on Thursday, 24 April 2008, as investors poured into beaten-down financial stocks on growing optimism the worst may be over for banks, and after jobs and manufacturing data pointed to a resilient US economy.

On BSE, 2.65 lakh shares were traded in the counter. The scrip had an average daily volume of 30,615 shares in the past one quarter.

The stock hit a high of Rs 81.25 and a low of Rs 69.25 so far during the day. The stock had a 52-week high of Rs 269.75 on 8 May 2007 and a 52-week low of Rs 50.65 on 25 March 2008.

The small-cap scrip had outperformed the market over the past one month till 24 April 2008, gaining 15.28% compared to the Sensex’s return of 3.94%. It had however underperformed the market in the past one quarter, declining 35.02% compared to Sensex’s decline of 8.93%.

The company’s current equity is Rs 32.62 crore. Face value per share is Rs 10.

The current price of Rs 80.50 discounts its Q1 March 2008 EPS of Rs 5.4, by a PE multiple of 14.9.

Federal-Mogul Goetze (India) net profit rose 2.8% to Rs 4.4 crore on 18.9% rise in sales to Rs 178.14 crore in Q1 March 2008 over Q1 March 2007.

The company is engaged in manufacturing auto components. The products include piston rings, sintered parts and cylinder liners for two, three and four wheelers, cars, tractors, light commercial vehicles, heavy commercial vehicles, stationary engines and high output locomotive diesel engines.