The announcement was made after market hours yesterday, 16 December 2015.

Meanwhile, the BSE Sensex was up 44 points, or 0.17% to 25,538.37

On BSE, so far 2,137 shares were traded in the counter as against average daily volume of 9,326 shares in the past one quarter.

The stock hit a high of Rs 312.50 and a low of Rs 306.80 so far during the day. The stock had hit record high of Rs 424.50 on 9 April 2015. The stock had hit a 52-week low of Rs 196 on 17 December 2014.

The company has an equity capital of Rs 10.08 crore. Face value per share is Rs 10.

Rating agency CRISIL upgraded the credit rating for long term bank loan facilities of KDDL from 'CRISIL BBB-/Stable' to 'CRISIL BBB/Stable' and for short term bank loan facilities from 'CRISIL A3' to 'CRISIL A3+' with effect from 15 December 2015.

On a consolidated basis, KDDL's net profit rose 77% to Rs 5.31 crore on 14.2% growth on total income to Rs 113.53 crore in Q2 September 2015 over Q2 September 2014.

KDDL is a diverse company focusing on the business of watches and precision engineering.