Meanwhile, the BSE Sensex was up 101.74 points, or 0.58%, to 17,579.89.

On BSE, 31,000 shares were traded in the counter as against an average daily volume of 1.31 lakh shares in the past one quarter.

The stock hit a high of Rs 276.90 and a low of Rs 265 so far during the day. The stock had hit a 52-week high of Rs 278.80 on Monday, 2 April 2012. The stock had hit a 52-week low of Rs 168 on 29 December 2011.

The stock had outperformed the market over the past one month until 2 April 2012, rising 10.47% compared with the Sensex's 0.90% fall. The scrip had also outperformed the market in past one quarter, gaining 58.51% as against 12.63% rise in the Sensex.

The mid-cap diversified company has an equity capital of Rs 31.76 crore. Face value per share is Re 1.

On a consolidated basis, Godrej Industries' net profit rose 39.2% to Rs 84.73 crore on 42% increase in net sales to Rs 1447.08 crore in Q3 December 2011 over Q3 December 2010.

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 real estate.