Everest Industries surges after reporting decent Q4 earnings

Everest Industries spurted 5.45% to Rs 264 at 11:54 IST on BSE after net profit rose 18.5% to Rs 14.09 crore on 3.9% decrease in net sales to Rs 320.66 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 3 May 2017.

Meanwhile, the S&P BSE Sensex was up 173.05 points, or 0.58% at 30,067.85. The S&P BSE Small-cap index was up 72.20 points, 0.47% at 15,503.16.

High volumes were witnessed on the counter. On the BSE, 42,000 shares were traded on the counter so far as against the average daily volumes of 7,855 shares in the past one quarter. The stock had hit a high of Rs 271 and a low of Rs 255 so far during the day.

The stock had hit a 52-week high of Rs 328 on 4 July 2016 and a 52-week low of Rs 182 on 26 December 2016. The stock had outperformed the market over the past one month till 3 May 2017, advancing 5.86% compared with the Sensex's 0.05% fall. The scrip had also outperformed the market over the past one quarter advancing 32.57% as against the Sensex's 5.86% rise.

The small-cap company has equity capital of Rs 15.42 crore. Face value per share is Rs 10.

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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