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Eveready Industries surges on hiking batteries’ prices

20 Mar 2014 Evaluate

Eveready Industries is currently trading at Rs. 45.05, up by 1.20 points or 2.74% from its previous closing of Rs. 43.85 on the BSE.

The scrip opened at Rs. 43.75 and has touched a high and low of Rs. 45.50 and Rs. 43.70 respectively. So far 107786 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 46.35 on 12-Mar-2014 and a 52 week low of Rs. 14.05 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 45.35 and Rs. 41.90 respectively. The current market cap of the company is Rs. 320.91 crore.

The promoters holding in the company stood at 40.86% while Institutions and Non-Institutions held 7.84% and 51.30% respectively.

Eveready Industries India has hiked the prices of its batteries. The company has hiked the price of pencil size batteries by Rs 5 - 10 per strip of 10 batteries and for all D size batteries by Rs 10 per box of 20 batteries.

The company has increased the prices due to continuous upward trend in cost of materials and overhead expenses had adversely impacted the cost of batteries. The realization will go up by 3% to 8% - through increase of MRP’s from April, 2014.

Eveready is the market leader of dry cell batteries selling more than 1.2 billion units annually. Apart from dry cell batteries, Eveready is also the market leader in flashlights selling in excess of 26 million units per year Eveready also markets rechargeable lanterns and devices, CFL, GLS lamps & other lighting products and packet tea. Eveready has an extensive distribution network of 4000 dealers reaching all the way upto 5000 population towns.

Eveready Inds. India Share Price

302.85 0.40 (0.13%)
20-Apr-2026 15:19 View Price Chart
Peers
Company Name CMP
Exide Inds 329.10
Amara Raja Energy 765.00
HBL Engineering 775.00
Eveready Inds. India 302.85
Indo-National 326.55
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