Meanwhile, the BSE Sensex was down 10.73 points, or 0.06%, to 18,496.31.

On BSE, 3.14 lakh shares were traded in the counter as against an average daily volume of 42,578 shares in the past one quarter.

The stock hit a high of Rs 30.45 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 26.50 so far during the day. The stock had hit a 52-week low of Rs 11.40 on 10 February 2011.

The stock had outperformed the market over the past one month until 18 July 2011, surging 62.28% compared with the Sensex's 3.56% rise. The scrip had also outperformed the market in past one quarter, spurting 94.46% as against 3.06% decline in the Sensex.

The small-cap milk dairy has an equity capital of Rs 11 crore. Face value per share is Rs 5.

Shares of Umang Dairies, a JK group firm, had surged 19.61% to Rs 27.75 in a single trading session on Monday, 18 July 2011, after the company's director, R C Periwal said in a television interview that day that the recent hike in milk price was backed by higher demand for milk. He added that during the past two-three years, the company has noticed that the demand for milk is outstripping the production. Umang Dairies' milk processing plant is situated at Gajraula, Uttar Pradesh. The plant has a capacity to process over eight lakh litres of milk per day.

Umang Dairies' product range includes skimmed milk powder, whole milk powder, dairy creamers, dairy whiteners, tea and coffee premixes especially developed for vending machines, pure ghee (clarified butter), fresh cream and butter.

Umang Dairies' net profit surged 721.6% to Rs 3.04 crore on 85.3% increase in net sales to Rs 45.79 crore in Q4 March 2011 over Q4 March 2010.