At 09:20 a.m.; Nirlon pared some of the intraday gains but was still trading 0.4 per cent higher at Rs 193.90. It hit a low of Rs 192.10

Founded in 1950s, Nirlon Ltd was engaged in manufacturing of nylon filament yarn. It later ventured into making industrial rubber products.

Nirlon owns 3.3 million sqft information technology park - Nirlon Knowledge Park - at Goregaon in suburban Mumbai.