Himalya International was locked at 10% upper circuit at Rs 17.06 at 10:18 IST on BSE, with the stock extending Monday's 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 72.45 points or 0.32% at 22,837.28.
On BSE, so far 47,000 shares were traded in the counter as against average daily volume of 1.20 lakh shares in the past two weeks.
The stock opened with an upward gap, surging by the maximum 10% daily circuit and remained locked at the 10% level at Rs 17.06 so far in the day, which is a 52-week high for the counter. The stock had hit a 52-week low of Rs 5.60 on 11 September 2013.
The small-cap company has equity capital of Rs 51.40 crore. Face value per share is Rs 10.
Shares of Himalya International have rallied 31.94% in two 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. The stock surged by the maximum permissible level of 20% to settle at Rs 15.51 on Monday, 21 April 2014. The stock market was closed on Friday, 18 April 2014, on account of Good Friday.
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.
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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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