 "Cheviot Company hits record high; zooms over 40% in one week")
Cheviot Company has surged 11% to Rs 1,046, also its record high on the BSE, after Bullseye Enterprises bought stake in the company through open market.
On November 23, 2015, Bullseye Enterprises had purchased 32,305 equity shares of Cheviot Company at price of Rs 939.74 per share on the BSE, the bulk deal data shows.
The stock of the company engaged in manufacturing and sale of jute goods has zoomed 48% in past one week from Rs 709 on November 17, as compared to 0.11% rise in the S&P BSE Sensex.
At 01:31 PM, the stock was up 4.3% at Rs 987 on the BSE. Around 53,000 shares have already changed hands on the counter so far against an average 27,000 shares that were traded daily in past two weeks.
The company had reported a strong 64% year on year (YoY) jump in its standalone net profit at Rs 12.53 crore for the second quarter ended September 30, 2015 (Q2), on back of healthy revenue growth. Net sales grew 34% at Rs 97 crore on YoY basis.
On November 23, 2015, Bullseye Enterprises had purchased 32,305 equity shares of Cheviot Company at price of Rs 939.74 per share on the BSE, the bulk deal data shows.
The stock of the company engaged in manufacturing and sale of jute goods has zoomed 48% in past one week from Rs 709 on November 17, as compared to 0.11% rise in the S&P BSE Sensex.
At 01:31 PM, the stock was up 4.3% at Rs 987 on the BSE. Around 53,000 shares have already changed hands on the counter so far against an average 27,000 shares that were traded daily in past two weeks.
The company had reported a strong 64% year on year (YoY) jump in its standalone net profit at Rs 12.53 crore for the second quarter ended September 30, 2015 (Q2), on back of healthy revenue growth. Net sales grew 34% at Rs 97 crore on YoY basis.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%