Meanwhile, the BSE Sensex was down 194.27 points, or 2.09%, to 9,096.74.
On BSE, 3.75 lakh shares were traded in the counter. The stock had an average daily volume of 23,721 shares in the past one quarter.
The stock hit a high of Rs 131 and a low of Rs 107.30 so far during the day. The stock has a 52-week high of Rs 600 on 1 January 2008 and a 52-week low of Rs 85 on 10 October 2008.
The small-cap stock had outperformed the market over the past one month till 17 November 2008, gaining 3.38% as compared to the Sensex's decline of 6.86%. It had underperformed the market in the past one quarter, declining 46.77% as compared to the Sensex's decline of 36.90%.
The company's current equity is Rs 11.22 crore. Face value per share is Rs 10.
The current price of Rs 129 discounts the company's Q2 September 2008 annualized EPS of Rs 11.34, by a PE multiple of 11.38.
Kalindee Rail Nirman Engineers' net profit rose 9.3% to Rs 3.18 crore on 100% increase in net sales to Rs 87.76 crore in Q2 September 2008 over Q2 September 2007.
The company is engaged in installation, commissioning of signaling and telecommunication projects and execution of gauge conversion projects for Indian Railways.