Meanwhile, the BSE Sensex was up 206.53 points, or 1.12%, to 19,626.93.

On BSE, 1,174 shares were traded in the counter as against average daily volume of 4,339 shares over the past one quarter.

The stock hit a high of Rs 225 and a low of Rs 217.85 so far during the day. The stock had hit a record high of Rs 308 on 14 January 2011 and a 52-week low of Rs 192 on 21 May 2010.

The mid-cap stock had underperformed the market over the past one month till 1 April 2011, declining 0.37% compared with the Sensex's return of 5.28%. The stock had also underperformed the market in past one quarter, falling 16.67% as against Sensex's decline of 5.31%.

Hindusthan National Glass & Industries, India's largest glass bottle-maker by market share, has equity capital of Rs 17.47 crore. Face value per share is Rs 2.

As per reports, Hindusthan National Glass & Industries is likely to pay between Rs 200 crore to Rs 400 crore for acquiring the target overseas firm, which has an existing client base in the pharmaceutical sector.

Hindusthan National Glass & Industries' net profit declined 5.1% to Rs 31.38 crore on 13.8% rise in net sales to Rs 399.64 crore in Q3 December 2010 over Q3 December 2009.