The BSE Sensex was down 41.06 points, or 0.22%, to 19017.87. A special one-hour trading session to mark the beginning of the New Year Samvat year 2064 is being held today on the bourses. Trading began at 18:00 IST and will end at 19:00 IST.

On BSE, 16,414 shares of the scrip were traded. The stock had an average daily volume of 24,308 shares on BSE in past one quarter.

The scrip had touched a high of Rs 526.90 and a low of Rs 502 so far during the day. The stock had hit a 52-week high of Rs 557.70 on 6 November 2007 and a 52-week low of Rs 223.85 on 24 April 2007.

The scrip had outperformed the market in the one month to 8 November 2007, adding 49.39% as against the Sensex's 8.96% gain. It had also outperformed the market in the past three months, gaining 39.68% against the Sensex's 24.50% rise.

The mid-cap firm has an equity capital of Rs 31.51 crore. Face value per share is Rs 10.

At the current price of Rs 508.75, the scrip trades at a PE multiple of 20.13, based on Q2 September 2007 annualised EPS of Rs 25.27.

The company said its board approved an allotment of 23.50 lakh warrants to the promoters of the company and 4.12 lakh warrants to Mauritius-based Citigroup Venture Capital. Each warrant is convertible into equity share at Rs 426 each.

Himadri Chemicals & Industries net profit rose 29.7% to Rs 19.91 crore on 8.3% decline in sales to Rs 82.89 crore in Q2 September 2007 over Q2 September 2006.

Himadri Chemicals & Industries principal activities are to manufacture and export coal tar distillation products including coal tar pitch, naphthalene, oils and corrosion protection products like coal tar.

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