Meanwhile, the BSE Sensex was up 504.78 points, or 2.65%, to 19,346.09 as US shares were buoyed on Friday, 23 November 2007, by a strong start to the US holiday shopping period.

On BSE, 2,326 shares changed hands in the counter. The stock had an average daily volume of 60,878 shares on BSE in past one quarter.

The stock opened at the 5% upper circuit of Rs 8,478.25 and it remained locked at the upper circuit so far during the day. It hit a 52 week high of Rs 12,048.90 on 7 November 2007 and a 52 week low of Rs 841 on 13 December 2006.

The scrip of the mid-cap diversified firm outperformed the market over the past one month till 23 November 2007 rising 14.41% compared to the Sensex’s return of 1.95%. It also outperformed over the past one quarter, surging 229.72% to Sensex’s gain of 33.1%.

The company’s current equity share capital is Rs 3 crore. Face value per share is Rs 10.

The current price of Rs 8,478.25 discounts its Q3 June 2007 annualized EPS of Rs 109.07 by a PE multiple of 77.73.

Walchandnagar Industries said on Monday, 26 November 2007 before the market hours, its board has approved the issue of one bonus share for each held and splitting each share into five. The board also set a special dividend of Rs 10 a share.

The company’s net profit rose 118.81% to Rs 11.4 crore on 41.38% rise in total income to Rs 195.14 crore in Q4 September 2007 over Q4 September 2006. The net profit surged 167.56% to Rs 35.56 crore on 77.05% rise in total income to Rs 637.41 crore in FY 2007 over FY 2006.

Walchandnagar Industries group's principal activities are engineering, fabrication and manufacture of machineries for sugar plants, cement plants and boilers, heavy duty gears, mineral processing, special and general engineering equipments. The group operates under four segments: heavy engineering, foundry and machine shop, hospitality business and others.