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Eveready Industries gains on hiking battery prices

12 Apr 2013 Evaluate

Eveready Industries (India) is currently trading at Rs 18.60, up by 0.15 points or 0.81% from its previous closing of Rs 18.45 on the BSE.

The scrip opened at Rs 18.20 and has touched a high and low of Rs 19.25 and Rs 18.10 respectively. So far 213032 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 26.40 on 19-Oct-2012 and a 52 week low of Rs 16.10 on 22-Mar-2013.

Last one week high and low of the scrip stood at Rs 19.70 and Rs 16.80 respectively. The current market cap of the company is Rs 135.56 crore.

The promoters holding in the company stood at 40.86 % while Institutions and Non-Institutions held 6.08 % and 53.06 % respectively.

Eveready Industries (India) market leader of dry cell batteries has hiked prices of its full range of pencil size batteries. The company said that continuous rise in the cost of raw materials and overhead expenses had impacted the cost of batteries adversely. The company was forced to pass on part of the impact to the market. Realization will be increased between 5% and 10% from May, 2013 by increasing the MRP of economy pencil size batteries by Rs 5 per strip of 10 batteries and by rationalizing trades margins.

Eveready is a market leader in the dry cell batteries business, selling more than 1.2 billion units annually. It also sells over 25 million units of flashlights in addition to other products.

Eveready Inds. India Share Price

302.45 5.25 (1.77%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Exide Inds 330.05
Amara Raja Energy 778.45
HBL Engineering 786.60
Eveready Inds. India 302.45
Indo-National 326.15
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