Eveready Industries corrects on profit booking

Eveready Industries India fell 2.36% to Rs 264.40 at 14:40 IST on BSE on profit booking after the stock rose 8.80% in the preceding two trading sessions to Rs 270.80 on 11 May 2015, from a recent low of Rs 248.90 on 7 May 2015.

Meanwhile, the BSE Sensex was down 552.24 points, or 2.01%, to 26,955.06.

On BSE, so far 84,000 shares were traded in the counter, compared with an average volume of 92,867 shares in the past one quarter.

The stock hit a high of Rs 271.40 and a low of Rs 260.20 so far during the day. The stock hit a record high of Rs 311.50 on 23 April 2015. The stock hit a 52-week low of Rs 52.65 on 16 May 2014.

The stock had underperformed the market over the past one month till 11 May 2015, falling 8.11% compared with 4.75% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 38.02% as against Sensex's 3.60% fall.

The small-cap company has an equity capital of Rs 36.34 crore. Face value per share is Rs 5.

Eveready Industries India's net profit rose 336% to Rs 5.45 crore on 7% increase in operating income to Rs 275.13 crore in Q4 March 2015 over Q4 March 2014. The result was announced during trading hours yesterday, 11 May 2015. The stock rose 2.93% to Rs 270.80 that day.

Eveready is the country's market leader of batteries and flashlights - selling more than 1.2 billion batteries and 25 million flashlights. Apart from these, Eveready now offers a basket other products which include lanterns, radios, rechargeable fans, power back up for mobile phones, LED, CFL & GLS lamps & other lighting products and packet tea.

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