The company made this announcement during trading hours today, 16 April 2008.

Meanwhile, the BSE Sensex was up 164.68 points, or 1.02%, to 16,318.34 on positive cues from the global markets. US stocks gained on Tuesday, 15 April 2008, as record oil prices lifted energy shares and stronger-than-expected quarterly results at several US regional banks boosted financial companies.

On BSE, 1.10 lakh shares were traded in the counter. The scrip had an average daily volume of 27,774 shares in the past one quarter.

The stock hit a high of Rs 74 and a low of Rs 67.65 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 15 April 2008, gaining 17.51% compared to the Sensex’s return of 9.08%. It had underperformed the market in the past one quarter, declining 54.38% compared to Sensex’s decline of 18.70%.

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

Federal-Mogul Goetze (India) reported a net loss of Rs 15.57 crore in Q4 December 2007 as compared to net loss of Rs 12.18 crore in Q4 December 2006. Net sales rose 15.7% to Rs 154.90 in Q4 December 2007 over Q4 December 2006.

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.