Meanwhile, the S&P BSE Sensex was up 217.39 points or 0.69% at 31,904.91. The S&P BSE Small-Cap index rose 137.21 points or 0.84% at 16,462.41.

On the BSE, 43,000 shares were traded on the counter so far as against the average daily volumes of 19,734 shares in the past one quarter. The stock had hit a high of Rs 287.50 so far during the day, which is a record high. The stock hit a low of Rs 267.80 so far during the day. The stock had hit a 52-week low of Rs 158 on 9 January 2017.

The stock had outperformed the market over the past one month till 8 September 2017, advancing 24.05% compared with the Sensex's 1.02% fall. The stock had also outperformed the market over the past one quarter, gaining 36.84% as against the Sensex's 1.52% rise. The scrip had also outperformed the market over the past one year, advancing 30.77% as against the Sensex's 9.1% rise.

The small-cap company has equity capital of Rs 8 crore. Face value per share is Rs 2.

Shares of Munjal Showa have rallied 27.94% in seven trading sessions to its ruling market price, from its close of Rs 222.90 on 31 August 2017.

Munjal Showa's net profit rose 17.7% to Rs 17.64 crore on 2.5% growth in net sales to Rs 395.08 crore in Q1 June 2017 over Q1 June 2016.

Munjal Showa is a pioneer in the manufacture of shock absorbers.