Himalya International was locked at 10% upper circuit at Rs 18.76 at 12:19 IST on BSE, with the stock extending recent rally triggered by the statement that its board will meet to review finances to achieve the financial goals for FY 2015.
Meanwhile, the S&P BSE Sensex was up 140.46 points or 0.62% at 22,898.83.
On BSE, so far 14.42 lakh shares were traded in the counter as against average daily volume of 38,614 shares in the past one quarter.
The stock hit a low of Rs 17.10 so far during the day. The stock had hit a 52-week low of Rs 5.60 on 11 September 2013.
The stock had outperformed the market over the past one month till 22 April 2014, surging 95.42% compared with the Sensex's 4.61% rise. The scrip had also outperformed the market in past one quarter, jumping 62.63% as against Sensex's 6.66% rise.
The small-cap company has equity capital of Rs 51.40 crore. Face value per share is Rs 10.
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Shares of Himalya International have rallied 45.08% in three trading sessions from Rs 12.93 on Thursday, 17 April 2014, after the company during trading hours on Monday, 21 April 2014 said its board of directors will meet on 26 April 2014, to review finances to achieve the financial goals for FY 2015 and arrange the funding required for FY 2015. Himalya International's board of directors at its board meeting to be held on 26 April 2014, will also review the targets set for FY 2015. The Board also will review the opening of new markets in GCC & middle east for Himalya products. Also, the Board will review the orders and annual projections from the major new accounts in US Market. The Board will also review the moralities to relaunch Himalya Frozen Appetizer products in Indian Retail Sector.
Himalya International's net profit declined 9.5% to Rs 7.07 crore on 10.5% growth in net sales to Rs 52.20 crore in Q3 December 2013 over Q3 December 2012.
Himalya International is engaged in processing mushrooms, baby potatoes and buffalo cheese.
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