The announcement was made after market hours on Friday, 5 September 2014.

Meanwhile, the BSE Sensex was up 194.20 points, or 0.72%, to 27,220.90.

On BSE, so far 399 shares were traded in the counter, compared with an average volume of 1 crore shares in the past one quarter.

The stock hit a high of Rs 1,436.80 and a low of Rs 1,412.30 so far during the day. The stock hit a record high of Rs 1,453.10 on 4 September 2014. The stock hit a 52-week low of Rs 384.90 on 24 September 2013.

The stock had underperformed the market over the past one month till 5 September 2014, rising 1.68% compared with 4.32% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 52.07% as against Sensex's 8.02% rise.

The mid-cap company has an equity capital of Rs 11.10 crore. Face value per share is Rs 10.

Net profit of La Opala RG rose 35.78% to Rs 6.11 crore on 30.02% to Rs 40.80 crore in Q1 June 2014 over Q1 June 2013.

La Opala RG manufactures and markets life style products in tableware segment. The company deals with glass and glassware. The company's brands include laopala, diva from laopala and solitaire.