The company made this announcement during trading hours today, 5 November 2009.

Meanwhile, the BSE Sensex was down 245.59 points, or 1.54%, to 15,666.54.

On BSE, 29,446 shares were traded in the counter as against an average daily volume of 1.54 lakh shares in the past one quarter.

The stock hit a high of Rs 45.40 and a low of Rs 43 so far during the day. The stock had hit a 52-week high of Rs 53.60 on 27 August 2009 and a 52-week low of Rs 10.50 on 12 March 2009.

The small-cap stock had underperformed the market over the past one month till 4 November 2009, declining 8.98% as compared to the Sensex's 7.13% fall. It had outperformed the market in the past one quarter, rising 11.65% as compared to the Sensex's return of 0.51%.

The company's equity capital is Rs 12.42 crore. Face value per share is Rs 2.

The current price of Rs 45 discounts the company's Q1 June 2009 annualized EPS of Rs 3.57, by a PE multiple of 12.61.

Godrej Investments, a promoter group company of Geometric, has hiked its stake from 10.42% to 10.45% after acquiring 17,600 shares representing 0.03% of the equity capital of the company through open market purchases on 3 November 2009. Increase in stake by promoters in a company helps bolster investor confidence.

Total promoter shareholding in Geometric stood at 36.74% as on 30 September 2009.

Geometric reported a net profit of Rs 5.55 crore in Q2 September 2009 as compared to net loss of Rs 1.20 crore in Q1 June 2009. Net sales rose 4.99% to Rs 54.25 crore in Q2 September 2009 over Q1 June 2009.

Geometric is specialist in the domain of engineering solutions, services and technologies, in the IT sector. Its portfolio of global engineering services and digital technology solutions for product lifecycle management (PLM) enables companies to formulate, implement and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.