Everest Industries slumps after reverse turnaround in Q2

Everest Industries lost 9.85% to Rs 315 at 14:55 IST on BSE after the company reported net loss of Rs 2.28 crore in Q2 September 2015 as compared with net profit of Rs 3.37 crore in Q2 September 2014.

Meanwhile, the S&P BSE Sensex was up 26.04 points or 0.1% at 27,332.87

On BSE, so far 26,663 shares were traded in the counter as against average daily volume of 4,808 shares in the past one quarter.

The stock hit a high of Rs 322.50 and a low of Rs 312.70 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 247.10 on 20 October 2014.

The stock had outperformed the market over the past one month till 20 October 2015, rising 13.48% compared with 4.15% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 4.51% as against Sensex's 3.92% decline.

The small-cap company has equity capital of Rs 15.36 crore. Face value per share is Rs 10.

Everest Industries' net sales rose 16.9% to Rs 283.78 crore in Q2 September 2015 over Q2 September 2014.

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

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