Eveready gains after Buffet's Duracell buy

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Shares in battery maker Eveready Industries India gained 2.5 percent. The stock was hovering near its highest since 1996; up about 339 percent YTD.

Buffett's Berkshire Hathaway agreed to buy Procter & Gamble Co's Duracell battery unit.

Buffet's purchase would lead to higher valuations for the sector, according to traders.

At 13:39 hrs Eveready Industries India was quoting at Rs 158.25, up Rs 9.70, or 6.53 percent. It has touched a 52-week high of Rs 158.35.

The company's trailing 12-month (TTM) EPS was at Rs 4.68 per share. (Sep, 2014). The stock's price-to-earnings (P/E) ratio was 33.93. The latest book value of the company is Rs 81.66 per share. At current value, the price-to-book value of the company was 1.94. The dividend yield of the company was 0.31 percent.