Eveready Industries electrifies after winning orders

Eveready Industries India gained 2.86% to Rs 430.40 at 14:00 IST on BSE after the company said that it has received orders for supply of ceiling fans and smart LED street lighting luminaries worth Rs 23.85 crore.

The announcement was made during market hours today, 15 December 2017.

Meanwhile, the S&P BSE Sensex was up 287.16 points, or 0.86% at 33,533.86. The BSE Small-cap index was up 173.79 points, or 1.03% at 16,980.19, outperforming the Sensex.

On the BSE, 10,680 shares were traded on the counter so far as against the average daily volumes of 23,632 shares in the past one quarter. The stock had hit a high of Rs 434.30 and a low of Rs 425 so far during the day. The stock had hit a record high of Rs 454.75 on 4 December 2017. The stock had hit a 52-week low of Rs 190 on 29 December 2016.

The stock rose 10.61% over the past one month till 14 December 2017, outperforming the Sensex's 0.93% rise. The scrip had also outperformed the market in past one quarter, rising 37.29% as against Sensex's 3.12% rise. The scrip had also outperformed the market in past one year, jumping 91.73% as against Sensex's 24.97% rise.

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

Eveready Industries India's consolidated net profit fell 7.6% to Rs 1.83 crore on 6.7% rise in net sales to Rs 224.60 crore in Q2 September 2017 over Q2 September 2016.

Eveready Industries India is the market leader of dry cell batteries. Apart from dry cell batteries, the company is also the market leader in flashlights. Eveready also markets LED, CFL, GLS lamps & other lighting products and rechargeable lanterns & devices, and packet tea.

Powered by Capital Market - Live News