Meanwhile, the S&P BSE Sensex was up 38.81 points or 0.16% at 24,916.71.

High volumes were witnessed on the counter. On BSE, so far 3.85 lakh shares were traded in the counter as against average daily volume of 21,430 shares in the past one quarter. The stock was locked at a high of Rs 167.30 in intraday trade, which is also a 52-week high for the stock. The stock hit a low of Rs 155.70 so far during the day. The stock had hit a 52-week low of Rs 72.10 on 11 February 2016. The stock had outperformed the market over the past one month till 5 April 2016, jumping 83.25% compared with 0.96% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 40.7% as against Sensex's 2.72% fall.

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

Shares of Kiri Industries have rallied 101.44% in six trading sessions to its current price of Rs 167.30 from its close of Rs 83.05 on 29 March 2016.

Shares of Kiri Industries had hit 20% upper circuit to settle at Rs 152.10 yesterday, 5 April 2016, after the company announced before market hours yesterday, 5 April 2016 that average price of dyes intermediate especially H. Acid and Vinyl Sulphate shot up globally due to sudden dramatic change in the market situation owing closure of a leading manufacturing plant in China. Average price of H. Acid shot up to about Rs 900 to Rs 1000 per kilogram (kg) which had been ranging from Rs 300 to Rs 360 per kg in previous financial year. Average price of Vinyl Sulphate shot up to Rs 240 to Rs 275 per kg from Rs 160 to Rs 180 per kg in previous financial year. Kiri has installed capacity to produce 7200 metric tonne per annum (mtpa) of H. Acid and 1.8 lakh mtpa of Vinyl Sulphate,

Kiri Industries also said that it has executed agreements for settlement of all its debt by the end of financial year ended 31 March 2016 (FY 2016). This has resulted in significant reduction of borrowing of the company by the end of FY 2016 and the total borrowings of the company have been reduced from Rs 853.13 crore to Rs 410.62 crore, which is about 51.87% reduction compared to the previous financial year ended 31 March 2015 (FY 2015). The initial installments under the agreements are also paid before the end of FY 2016.

Further, as per settlement agreements executed by the company, it is committed to settle and repay majority of the balance debt during the current financial year ending 31 March 2017 (FY 2017).

On consolidated basis, Kiri Industries' net profit rose 81.1% to Rs 70.10 crore on 27.8% rise in net sales to Rs 296.65 crore in Q3 December 2015 over Q3 December 2014.

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