Meanwhile, the BSE Sensex was up 32.38 points, or 0.17%, to 18,594.30.

On BSE, 1.90 lakh shares were traded in the counter as against an average daily volume of 29,959 shares in the past one quarter.

The stock hit a high of Rs 159.95 and a low of Rs 154.60 so far during the day. The stock had hit a 52-week high of Rs 212.30 on 12 November 2010 and a 52-week low of Rs 103.50 on 25 May 2011.

The small-cap stock had outperformed the market over the past one month till 15 July 2011, gaining 32.19% compared with the Sensex's return of 2.37%. The scrip had also outperformed the market in past one quarter, rising 19.60% as against 4.25% decline in the Sensex.

The company has an equity capital of Rs 27.88 crore. Face value per share is Rs 10.

India Glycols' net sales soared 83.5% to Rs 608.91 crore in Q1 June 2011 over Q1 June 2010. The company declared its results on Saturday, 16 July 2011.

India Glycols manufactures glycols, ethoxylates and PEGs, performance chemicals, glycol ethers and acetates, natural gums and potable alcohol.