The company made this announcement after trading hours on Friday, 1 February 2008.

Meanwhile, BSE Sensex was up 425.81 points or 2.33% to 18,668.39, as Asian stocks surged with sentiment boosted by Microsoft Corp's bid for Yahoo Inc and following China's buy of a large stake in takeover target Rio Tinto.

On BSE, 334 shares were traded in the counter. The scrip had an average daily volume of 20,648 shares in the past one quarter.

The stock hit a high of Rs 5730 and a low of Rs 5600 so far during the day. The stock had a 52-week high of Rs 12048.90 on 7 November 2007 and a 52-week low of Rs 1240 on 9 March 2007.

The mid-cap scrip had underperformed the market over the past one month till 1 February 2008, declining 36.62% compared to the Sensex’s decline of 10.33%. It had also underperformed the market in the past one quarter, declining 47.51% compared to Sensex’s decline of 8.68%.

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

The current price of Rs 5725 discounts its Q1 December 2007 annualized EPS of Rs 128.40, by a PE multiple of 44.59.

Walchandnagar Industries has fixed 3 March 2008 as the record date for a 5-for-1 stock split and a 1:1 bonus issue.

Walchandnagar Industries’ net profit rose 24.9% to Rs 9.63 crore on 25.5% growth in net sales to Rs 155.98 crore in Q1 December 2007 over Q1 December 2006.

Walchandnagar Industries is engaged in engineering, fabrication and manufacture of machineries for sugar plants, cement plants and boilers, heavy duty gears, mineral processing, special and general engineering equipments.