Meanwhile, BSE Sensex was up 239.77 points or 1.27% to 19,178.64 after comments on Wednesday, 28 November 2007, from US Federal Reserve officials raised the chances of another US rate cut in December 2007.

On BSE 3.80 lakh shares were traded in the counter. The scrip had an average daily volume of 17,243 shares in the past one quarter.

The stock hit a high of Rs 50.30 and a low of Rs 42.50 so far during the day. The stock had a 52-week high of Rs 66.20 on 4 June 2007 and a 52-week low of Rs 36 on 28 December 2006.

The small-cap scrip had outperformed the market over the past one month till 28 November 2007, gaining 5.53% compared to the Sensex’s decline of 4.27%. It had underperformed the market in the past one quarter, declining 1.06% compared to Sensex’s rise of 25.24%.

The company’s current equity is Rs 17.67 crore. Face value per share is Rs 10.

The current price of Rs 50.30 discount its Q2 September 2007 annualized EPS of Rs 0.61 by a PE multiple of 82.46.

Leading real estate consultants JonesLang LaSalle has been entrusted with the job to identify highest bidder for the Chennai land, reports suggest.

TVS Electronics’ net profit rose 800% to Rs 0.27 crore on 25.1% fall in net sales to Rs 51.14 crore in Q2 September 2007 over Q2 September 2006.

The company manufactures information technology (IT) peripherals and provides IT transaction solution. It manufactures uninterruptible power supplies and computer peripherals.