Everest Inds hits record high after turnaround in Q3

Everest Industries surged 5.72% to Rs 618.50 at 12:45 IST on BSE after the company reported net profit of Rs 9.43 crore in Q3 December 2017, compared with net loss of Rs 14.15 crore in Q3 December 2016.

The result was announced after market hours yesterday, 24 January 2018.

Meanwhile, the S&P BSE Sensex was down 135.78 points or 0.38% at 36,025.86. The S&P BSE Small-Cap index declined 0.24%, outperforming the Sensex.

On the BSE, 75,000 shares were traded on the counter so far as against average daily volumes of 22,648 shares in the past one quarter. The stock had hit a high of Rs 636.90 so far during the day, which is a record high. The stock hit a low of Rs 590.20 so far during the day. The stock had hit a 52-week low of Rs 185 on 31 January 2017.

The small-cap company has equity capital of Rs 15.55 crore. Face value per share is Rs 10.

Everest Industries' net sales rose 16.3% to Rs 290.62 crore in Q3 December 2017 over Q3 December 2016.

Everest Industries is engaged in manufacturing and trading of building products, such as roofing products, boards and panels, other building products and accessories.

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