Eveready Industries jumps 10.97% in eight sessions

Eveready Industries India rose 2.02% to Rs 353.60 at 14:39 IST on BSE, with the stock extending recent strong gains.

Meanwhile, the S&P BSE Sensex was up 2.62 points, or 0.01% at 31,314.19. The BSE Small-cap index was up 24.55 points, or 0.16% at 15,678.52.

On the BSE, 15,000 shares were traded on the counter so far as against the average daily volumes of 79,360 shares in the past one quarter. The stock had hit a high of Rs 355.20 so far during the day, which is also its 52-week high. The stock hit a low of Rs 344 so far during the day. The stock had hit a 52-week low of Rs 190 on 29 December 2016.

The stock had outperformed the market over the past one month till 19 June 2017, advancing 6.47% compared with the Sensex's 2.78% rise. The scrip had also outperformed the market over the past one quarter advancing 40.49% as against the Sensex's 5.61% rise. The scrip had also outperformed the market over the past one year advancing 33.03% as against the Sensex's 17.6% rise.

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

Shares of Eveready Industries India jumped 10.97% in eight trading sessions to its current ruling price of Rs 353.60, from a close of Rs 318.65 on 8 June 2017.

Eveready Industries India's net profit rose 12.2% to Rs 10.46 crore on 7.5% increase in net sales to Rs 304.61 crore in Q4 March 2017 over Q4 March 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.

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