Eveready Ind hits over 3-month high; rallies 32% in 2 weeks post Q3 results

The company said the battery category will revert to its earlier level of profitability now that all adverse costs have been passed on

Shares of Eveready Industries hit an over three-month high of Rs 366.20, surging 6 per cent on the BSE in Friday's intra-day trade. In the past two weeks, the stock of the battery and flash lights maker has rallied 32 per cent on expectation of strong performance in the next financial year 2022-23 (FY23).

The stock was at its highest level since October 29, 2021. It had hit a 52-week high of Rs 413.30 on October 6, 2021. At 12:56 pm, Eveready Industries was up 5 per cent at Rs 364, as compared to 0.37 per cent rise in