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Eveready Industries Gains 9%; BSE CONSUMER DURABLES Index Up 0.3%
Tue, 24 Sep 9:47

Eveready Industries Gains 9%; BSE CONSUMER DURABLES Index Up 0.3%Image source: Sakorn BernardaSv/www.istockphoto.com

Eveready Industries share price has zoomed 9% and is presently trading at Rs 484.0.

Meanwhile, the BSE CONSUMER DURABLES index is at 68,975.5 (up 0.3%).

Among the top gainers in the BSE CONSUMER DURABLES index today are AMBER ENTERPRISES INDIA (up 6.9%) and RAJESH EXPORTS (up 2.0%).

CROMPTON GREAVES CONSUMER ELEC. (down 0.6%) and ORIENT ELECTRIC (down 0.4%) are among the top losers today.

Over the last one year, Eveready Industries has moved up from Rs 397.5 to Rs 484.0, registering a gain of Rs 86.6 (up 21.8%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 46,534.8 to 68,975.5, registering a gain of 48.2% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 194.5%), Blue Star (up 122.6%) and Voltas (up 118.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,905.5 .

The top losers among the BSE Sensex today are Bajaj Finance (down 1.3%) and Infosys (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,955.6 (up 0.1%). Tata Steel and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 84,905.5, registering a gain of 18,104.7 points (up 27.1%).

Eveready Industries Financial Update...

Eveready Industries net profit grew 18.1% YoY to Rs 294 million for the quarter ended June 2024, compared to a profit of Rs 249 million a year ago. Net sales declined 3.9% to Rs 3,494 million during the period as against Rs 3,636 million in April-June 2023.

For the year ended March 2024, Eveready Industries reported 141.7% increase in net profit to Rs 668 million compared to net profit of Rs 276 million during FY23. Revenue of the company fell 1.0% to Rs 13,143 million during FY24.

The current Price to earnings ratio of Eveready Industries, based on rolling 12 month earnings, stands at 49.4.


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