Meanwhile, the S&P BSE Sensex was up 73.26 points or 0.27% at 27,006.14.

On BSE, so far 10,000 shares were traded in the counter as against average daily volume of 12,264 shares in the past one quarter.

The stock hit a high of Rs 114.90 and a low of Rs 107 so far during the day. The stock had hit a 52-week high of Rs 144.80 on 1 April 2015. The stock had hit a 52-week low of Rs 56.15 on 9 January 2015.

The stock had outperformed the market over the past one month till 6 October 2015, surging 30.81% compared with Sensex's 6.87% rise. The scrip had also outperformed the market in past one quarter, gaining 6.24% as against Sensex's 4.52% fall.

The small-cap company has equity capital of Rs 26.55 crore. Face value per share is Rs 10.

Shares of Kiri Industries had rallied 35.83% in the preceding six trading sessions to settle at Rs 114.85 yesterday, 6 October 2015, from a recent low of Rs 84.55 on 24 September 2015.

The stock had surged 16.3% in a single trading session yesterday, 6 October 2015 after the company announced during market hours yesterday, 6 October 2015 that it has entered into settlement agreement with Punjab National Bank (PNB) for settlement of outstanding debt of the company. As per settlement terms with PNB, total outstanding debt of Kiri Industries was Rs 156.85 crore and total settlement amount is Rs 86.50 crore out of which the company has paid Rs 21.25 crore upfront and balance Rs 65.25 crore payable in 12 equal monthly installments with simple interest at 10% per annum (p.a). Further if the company fails to pay two consecutive installments to PNB then entire settlement will stand cancelled and the company will be liable to pay entire outstanding debt of Rs 156.85 crore along with interest.

On consolidated basis, Kiri Industries' net profit fell 7% to Rs 70.12 crore on 31.6% decline in net sales to Rs 191.38 crore in Q1 June 2015 over Q1 June 2014.

Kiri Industries is one of the largest manufacturer and exporter of wide range of dyes, intermediates and chemicals.