The company made this announcement after the market hours on Monday, 26 November 2007.

Meanwhile, the BSE Sensex was down 191.62 points or 0.98% to 19,048.59 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, 7,618 shares changed hands in the counter. The stock had an average daily volume of 1.05 lakh shares on BSE in past one quarter.

The stock hit a high of Rs 238.50 and a low of Rs 230 so far during the day. It touched a 52 week high of Rs 279 on 20 November 2007 and a 52 week low of Rs 138 on 8 March 2007.

The mid-cap scrip outperformed the market over the past one month till 26 November 2007 rising 31.11% compared to the Sensexs return of 0.02%. It also outperformed over the past one quarter, rising 39.34% to Sensexs gain of 33.43%.

The companys current equity share capital is Rs 31.98 crore. Face value per share is Rs 1.

At the current price of Rs 237.15, the PE multiple works out to 76.74, based on the Q2 September 2007 annualized EPS of Rs 3.09.

The companys net profit rose 78.4% to Rs 22.55 crore on 0.8% rise in sales to Rs 177.24 crore in Q2 September 2007 over Q2 September 2006.

The board has also approved holding of an extra ordinary general meeting of the shareholders of the company on 28 December 2007 in this connection.

Godrej Industries is India's leading manufacturer of oleochemicals and makes more than a hundred chemicals for use in over two dozen industries. It also manufactures edible oils, vanaspati and bakery fats. Besides, it operates businesses in medical diagnostics and real estate

Powered byCapital Market - Live News