Eveready Industries extends rally on reports of promoter stake sale plan

The stock moved higher by 7% to Rs 219 on Monday, extending its Friday's 13% surge on the BSE in an otherwise weak market.

Shares of Eveready Industries India rose 7 per cent to Rs 219 apiece, bouncing back 8 per cent from their early morning low on the BSE on Monday amid reports that  BM Khaitan - led Williamson Magor has rolled out sale plan for flagship company, a leader in dry cell batteries and flashlights.

The stock ended 13 per cent higher to Rs 205 on Friday. In comparison, the S&P BSE Sensex was trading 0.74 per cent lower at 35,742 points at 12:32 pm.

Eveready Industries, however, did not confirm or deny the said media report.

“The Company has