Everest Industries gains after strong Q3 result

Everest Industries rose 2.29% to Rs 259 at 12:45 IST on BSE after net profit jumped 142.1% to Rs 2.76 crore on 1.7% rise in net sales to Rs 278.89 crore in Q3 December 2015 over Q3 December 2014.

The Q3 result was announced after market hours yesterday, 13 January 2016.

Meanwhile, the S&P BSE Sensex was down 47.46 points or 0.19% at 24,806.65

On BSE, so far 16,802 shares were traded in the counter as against average daily volume of 4,610 shares in the past one quarter. The stock hit a high of Rs 263.40 and a low of Rs 255.30 so far during the day. The stock had hit a record high of Rs 430 on 15 July 2015. The stock had hit a 52-week low of Rs 245.10 on 13 January 2016. The stock had underperformed the market over the past one month till 13 January 2016, falling 5.17% compared with 0.76% fall in the Sensex. The stock also underperformed the market in past one quarter, sliding 26.35% as against Sensex's 7.42% decline.

The small-cap company has equity capital of Rs 15.37 crore. Face value per share is Rs 10.

Everest Industries is one of India's fastest growing building solutions companies.

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