The company made this announcement during the market hours today Tuesday, 27 November 2007.

Meanwhile, the BSE Sensex was down 134.84 points or 0.7% to 19,103.18 as US stocks tumbled on Monday, 26 November 2007, as investors worried rising US mortgage defaults and credit market losses will drag on the US economy, fueling fears that US consumers will slash spending during the vital holiday season.

On BSE, 1.11 lakh shares changed hands in the counter. The stock had an average daily volume of 55,922 shares on BSE in past one quarter.

The stock hit a high of Rs 224.90 and a low of Rs 209 so far during the day. It touched a 52 week high of Rs 244 on 20 November 2007 and a 52 week low of Rs 143 on 2 November 2007.

The mid-cap scrip outperformed the market over the past one month till 26 November 2007 rising 35.27% compared to the Sensexs return of 0.02%. It also outperformed over the past one quarter, rising 33.73% to Sensexs gain of 33.43%.

The companys current equity share capital is Rs 79.57 crore. Face value per share is Rs 5.

At the current price of Rs 219.30, the PE multiple works out to 10.79, based on the Q2 September 2007 annualized EPS of Rs 20.31.

Nirma has entrered into definitive agrrement with affiliate of Sun Capital Partners. Inc. and other minority shareholders of for acquiring full ownership of Searles Valley Minerals Operations Inc. and Searles Valley Minerals Inc. (collectively SVM). SVM is a leading manufacturer of inorganic chemicals. It is also one of the five natural soda ash manufacturers in the US. SVM is the only US producer of soda ash, sodium borates, boric acid and sodium sulfate utilizing the solution mining method. In addition to the solution mining processes, SVM produces sodium chloride from solar pond evaporation..

Nirmas net profit rose 80.8% to Rs 80.79 crore on 4.9% decline in sales to Rs 498.43 crore in 2 September 2007 over Q2 September 2006.

Nirma has a presence in detergents, soaps and personal care products.

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