The announcement was made during trading hours today, 29 December 2015.

Meanwhile, the BSE Sensex was up 13.55 points, or 0.05%, to 26,047.68.

On BSE, so far 8,506 shares were traded in the counter, compared with an average volume of 4,562 shares in the past one quarter.

The stock hit a high of Rs 1,374 and a low of Rs 1,280 so far during the day. The stock hit a record high of Rs 1,808 on 10 April 2015. The stock hit a 52-week low of Rs 1,050 on 1 October 2015.

The stock had underperformed the market over the past one month till 28 December 2015, sliding 2.91% compared with 0.36% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 15.01% as against Sensex's 1.63% rise.

The mid-cap company has an equity capital of Rs 29 crore. Face value per share is Rs 10.

Credit Analysis and Research (CARE) and Japan Credit Rating Agency (JCR) have signed a memorandum of understanding (MoU) to collaborate with each other as strategic business partners. Both the firms have agreed to cooperate with each other to maximize their support for the Indian and Japanese companies' funding and other business activities, CARE said in a statement.

Net profit of CARE declined 27.78% to Rs 37.85 crore on 5.35% rise in net sales to Rs 78.23 crore in Q2 September 2015 over Q2 September 2014.

CARE is a credit rating agency in India. CARE provides the entire spectrum of credit rating that helps the corporates to raise capital for their various requirements and assists the investors to form an informed investment decision based on the credit risk and their own risk-return expectations.