Meanwhile, the BSE Sensex was down 47.22 points, or 0.26% to 18,381.39.

On BSE, 72,000 shares were traded in the counter as against average daily volume of 1.42 lakh shares in the past one quarter.

The stock hit a high of Rs 21.45 and a low of Rs 20.45 so far during the day. The stock had hit a 52-week high of Rs 48.95 on 27 April 2011. The stock had hit a 52-week low of Rs 13.15 on 19 December 2011.

The stock had outperformed the market over the past one month till 21 February 2012, rising 16.59% compared with the Sensex's 10.09% gain. The scrip had, however, underperformed the market in past one quarter, falling 1.45% as against Sensex's 15.57% gain.

The small-cap firm has equity capital of Rs 168.30 crore. Face value per share is Rs 10.

The Moser Baer (India) stock has rallied 6.66% in two trading sessions from Rs 19.50 on 17 February 2012, after the company announced before trading hours on Tuesday, 21 February 2012, that the company has approached its bankers to restructure its payment obligations. The stock had surged 4.87% to settle at Rs 20.45 on Tuesday, 21 February 2012.

Moser Baer (India) (MBIL) said that after the downturn experienced in 2010/2011, the company has witnessed a major upsurge in its core optical media business, resulting in a significant turnaround, and also sees growth opportunities in certain product markets. Accordingly the company has approached its bankers to restructure its payment obligations, and align its secured liabilities with its business growth and cash flows, the company said in a statement.

MBIL's key banks have been supportive of the restructuring, based on which the company has provided its consent to its bankers to approach the appropriate authority, to finalize the plan and restructure its debt, the company said in a statement.

Further, Moser Baer Photo Voltaic (MBPV), one of the subsidiaries of MBIL, which is primarily engaged in the business of manufacturing photovoltaic cells and modules, has also taken action to restructure its debt, MBIL said in a statement.

Moser Baer (India) reported net loss of Rs 95.91 crore in Q3 December 2011, lower than net loss of Rs 115.69 crore in Q3 December 2010. Net sales rose 24.3% to Rs 541.29 crore in Q3 December 2011 over Q3 December 2010.

Moser Baer (India) manufactures optical storage media like CDs and DVDs and next-generation storage media like Blu-ray Discs and HD DVDs. The company has also diversified into solar energy, home entertainment, IT peripherals and consumer electronics

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