Eveready Industries gains after block deal

Eveready Industries India rose 1.27% to Rs 280 at 13:30 IST on BSE after a block deal of 1.54 lakh shares, or 0.21% equity, was struck at Rs 278 per share at 11:26 IST on BSE.

Meanwhile, the BSE Sensex was up 77.33 points, or 0.28%, to 27,704.02.

On BSE, so far 2.25 lakh shares were traded in the counter, compared with an average volume of 40,337 shares in the past one quarter. The stock hit a high of Rs 281 and a low of Rs 276.50 so far during the day. The stock hit a record high of Rs 374.90 on 17 July 2015. The stock hit a 52-week low of Rs 192.30 on 12 February 2016. The stock had outperformed the market over the past one month till 11 July 2016, rising 11.47% compared with 3.72% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.52% as against Sensex's 10.41% rise.

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

Net profit of Eveready Industries India declined 26.61% to Rs 4 crore on 3.06% rise in net sales to Rs 283.17 crore in Q4 March 2016 over Q4 March 2015.

Eveready is the market leader of dry cell batteries. Apart from dry cell batteries, Eveready 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