Everest Industries advances after turnaround in Q2

Everest Industries gained 2.63% to Rs 489.80 at 13:48 IST on BSE after the company reported net profit of Rs 4.49 crore in Q2 September 2017, compared with net loss of Rs 7.69 crore in Q2 September 2016.

The result was announced after market hours yesterday, 25 October 2017.

Meanwhile, the S&P BSE Sensex was up 19.45 points, or 0.06% at 33,061.95. The S&P BSE Small-Cap index was up 126.84 points, or 0.74% at 17,286.14.

On the BSE, 50,235 shares were traded on the counter so far as against the average daily volumes of 23,883 shares in the past one quarter. The stock had hit a high of Rs 507.50 and a low of Rs 460 so far during the day. The stock had hit a 52-week high of Rs 519 on 23 October 2017 and a 52-week low of Rs 182 on 26 December 2016.

The stock had outperformed the market over the past one month till 25 October 2017, rising 43.99% compared with 4.57% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 28.73% as against Sensex's 2.04% rise. The scrip also outperformed the market in past one year, jumping 99.77% as against Sensex's 18.70% rise.

The small-cap company has equity capital of Rs 15.46 crore. Face value per share is Rs 10.

Everest Industries' total income rose 14.73% to Rs 261.51 crore in Q2 September 2017 over Q2 September 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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