At the day's low of Rs 77, the stock had declined 1.85%, before the company announced the results during trading hours.

Meanwhile, the BSE Sensex was up 327.33 points, or 1.93%, to 16,959.34.

On BSE, 1,767 shares were traded in the counter as against an average daily volume of 11,855 shares in the past one quarter.

The stock hit a high of Rs 81 and a low of Rs 77 so far during the day.

The company's equity capital is Rs 32.12 crore. Face value per share is Rs 10.

The current price of Rs 80 discounts the company's Q2 September 2009 annualized EPS of Rs 2.18, by a PE multiple of 36.70.

Sharyans Recources' consolidated net sales rose 7.59% to Rs 21.12 crore in Q2 September 2009 over Q2 September 2008.

On standalone basis, Sharyans Resources' net profit galloped 1925% to Rs 0.81 crore on 100% rise in total income to Rs 1.28 crore in Q2 September 2009 over Q2 September 2008.

The company is engaged in acquiring and investing in financial assets and real estate. It operates in four segments: travel and related activities, broking and related activities, real estate and others. It operates solely in India.