The company made this announcement during the trading hours, today, 6 November 2007.

Meanwhile, BSE Sensex was up 147.50 points or 0.75% to 19,738.28, tracking recovery in Asian stocks after Monday (5 November 2007)'s fall caused by renewed fears over the impact of US credit crisis after US financial giant Citigroup said it may suffer up to $11 billion in write-downs for subprime losses.

On BSE 29,259 shares were traded in the counter. The scrip had an average daily volume of 15,255 shares in the past one quarter.

The stock hit a high of Rs 148.80 and a low of Rs 129.45 so far during the day. The stock had a 52-week high of Rs 219 on 20 December 2006 and 52-week low of Rs 104.30 on 30 April 2007.

The small-cap scrip had underperformed the market over the past one month till 5 November 2007, declining 5.27% compared to the Sensexs return of 10.23%. It had also underperformed the market in the past one quarter, declining 22.33% compared to Sensexs rise of 31.19%.

The companys current equity is Rs 7.60 crore. Face value per share is Rs 10.

The current price of Rs 148.50 discounts Q2 September 2007 annualized EPS of Rs 16.63 by a PE multiple of 8.93.

Indian Railways (IR) proposes to install air spring in its coaches as a technology upgradation . Currently, IR inducts more than 2800 new coaches every year. IR also proposes to selectively upgrade its existing rolling stock of about 25,000 coaches through retrofitment of air spring and pneumatic suspension system.

Stone Indias net profit rose 11.7% to Rs 3.16 crore on 13.8% growth in net sales to Rs 19.78 crore in Q2 September 2007 over Q2 September 2007.

The company manufactures railway products.

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