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18-Apr2017

Eveready Industries trades with traction on the bourses

Eveready Industries (India) is currently trading at Rs. 293.00, up by 2.15 points or 0.74% from its previous closing of Rs. 290.85 on the BSE.

The scrip opened at Rs. 292.60 and has touched a high and low of Rs. 297.50 and Rs. 289.55 respectively. So far 8157 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 297.50 on 18-Apr-2017 and a 52 week low of Rs. 190.00 on 29-Dec-2016.

Last one week high and low of the scrip stood at Rs. 297.50 and Rs. 275.00 respectively. The current market cap of the company is Rs. 2133.37 crore.

The promoters holding in the company stood at 44.05%, while institutions and non-institutions held 35.11% and 20.84% respectively.

Eveready Industries India is banking on newly-entered electrical appliances segment along with LED lighting to become major growth drivers. The company, which forayed into fans and air purifier segments earlier this year, is expecting around Rs 500 core revenue to come from the appliances and the LED lighting segments this fiscal.

This is expected to be around 30% of the company's total turnover for the ongoing fiscal. It had revenue of Rs 1,393.87 crore for FY2016. In the nine months ended December 31, 2016 its revenue was at Rs 1,101.14 crore.

Eveready Industries India (formerly known as Union Carbide India) is engaged in the manufacture of dry cell batteries and flashlights. It also manufactures tea under the brands Tez, Jaago, Premium Gold and Classic and insect repellents under the brand Eveready Poweron. The company was founded in 1905 and is based in Kolkata, West Bengal.


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