Shares of Everest Industries, a building solutions company, rallied more than 16% amid very high volumes after the company came out with strong numbers for the fourth quarter of FY12.
Its profit after tax grew 24% year-on-year to Rs 13 crore and EBITDA margin improved at 9.5% versus 9.1%. Net sales increased 24.5% to Rs 246.5 crore in the January-March quarter of 2012 as against Rs 198 crore in a year ago period.
The share closed at Rs 159.95, up Rs 22.50, or 16.37% after hitting an intraday high of Rs 162.50 and an intraday low of Rs 142.60.
Its trading volumes also shot up nearly 3,900% to 320,082 shares today as compared to its 5-day average of 8,077 shares.
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