The company made this announcement during trading hours today, 17 November 2009.

Meanwhile, the BSE Sensex was down 75.30 points, or 0.44%, to 16,957.21.

On BSE, 9,465 shares were traded in the counter as against an average daily volume of 12,034 shares in the past one quarter.

The stock opened with an upward gap, surging by the maximum 5% daily circuit and remained locked at the 5% level so far in the day. The stock had hit a 52-week high of Rs 29.10 on 13 August 2009 and a 52-week low of Rs 7.75 on 31 March 2009.

The small-cap stock had outperformed the market over the past one month till 16 November 2009, rising 27.67% as compared to the Sensex's 1.68% fall. It had underperformed the market in the past one quarter, falling 0.75% as compared to the Sensex's return of 10.52%.

The company's equity capital is Rs 18.40 crore. Face value per share is Rs 10.

The current price of Rs 27.60 discounts the company's Q3 June 2009 annualized EPS of Rs 5.17, by a PE multiple of 5.34.

Mravel Business, a promoter group company, has hiked its stake to 16.16% from 15.89% after acquiring 48058 shares representing 0.27% of the equity capital of the firm through open market purchases in four tranches between 26 October 2009 and 29 October 2009. Increase in stake by promoters in a company helps bolster investor confidence.

Total promoter shareholding in the company is 66.64% (as on 30 September 2009).

KM Sugar Mills reported net profit of Rs 2.38 crore in Q3 June 2009 as compared to net loss of Rs 1.70 crore in Q3 June 2008. Net sales slumped 41.3% to Rs 39.03 crore in Q3 June 2009 over Q3 June 2008.

The company is engaged in manufacturing white crystal sugar that is used for human consumption and in the industries like food, beverage and soft drinks.