Midcap and Smallcap continued their outperformance during the recent corrective phase of the Nifty and therefore Nandish Shah of HDFC Securities expects their outperformance to continue for the coming weeks.
The company had posted a net loss of Rs 38.41 crore in the January-March period a year ago, it said in a regulatory filing.
The company had posted a net profit of Rs 23.71 crore in the October-December period a year ago, Eveready Industries said in a regulatory filing.
The company had posted a net profit of Rs 30.13 crore in the April-June period a year ago, Eveready Industries said in a regulatory filing.
The Board of Directors of the company approved the resolution for the appointments of the two non-executive directors and additional director Arjun Lamba with effect from July 12, 2022, subject to the approval of the shareholders of the company.
Entities belonging to the family — Puran Associates, VIC Enterprises, MB Finmart, Gyan Enterprises and Chowdry Associates — now jointly own 38.38 per cent in Eveready Industries after the completion of an open offer in June.
Eveready Industries India Ltd is in the "midst of a transformation" of its business and has taken steps to address areas of weaknesses in its operations and the product portfolio, while the battery and flashlight maker expects growth in the coming days, said its managing director Suvamoy Saha.
Suvamoy Saha, erswhile Joint Managing Director of the company, was asked to assume the responsibilities as interim Managing Director after the resignations of former non-executive Chairman Aditya Khaitan and erstwhile Managing Director Amritanshu Khaitan on March 3, following an open offer from the Burman group for a controlling stake in the company.
The mandatory open offer under the takeover regulations was made as the Burmans acquired an additional 5.26 percent stake in Eveready Industries for Rs 122.30 crore, taking its total shareholding to 25.11 percent.
"Till the time this Ukraine-Russia war kind of scenario does not subside completely, uncertainty is likely to loom over markets across the globe. So in such times, it's advisable not to trade aggressively and avoid carrying positions overnight," says Sameet Chavan, chief analyst, technical and derivatives, Angel One.
Its revenue from operations was up 6.95 percent to Rs 372.62 crore during the quarter under review as against Rs 348.40 crore in the year-ago period.
The company had posted a net profit of Rs 18.11 crore in July-September period a year ago, Eveready Industries said in a regulatory filing.
The private lender has acquired 7.82 percent and 7.50 percent shares in these two companies, respectively
Promoter group Khaitan family's stake in Eveready Industries has slipped below 10 percent after IndusInd Bank acquired stake by invoking pledged shares.
The bank invoked pledge on 56,83,320 shares forming 7.82 percent of paid-up equity share capital of Eveready Industries.
Eveready is a part of the Williamson Magor Group of companies, which also includes tea producer McLeod Russel.
Eveready Industries India Ltd on July 1 reported over three-fold jump in its net profit at Rs 179.57 crore for FY2019-20, compared to Rs 47.26 crore in the last fiscal.
The Company is assessing the situation and will take all necessary measures as directed by the Central and/or the State Government from time to time, the company said in a filing to the exchanges.
The dry-cell battery maker sold the land parcel for Rs 100 crore to Alwarpet Properties.
A list of stocks which are in focus because of their price action. The technical outlook is limited to near and medium-term.
Top 10 companies which saw a double-digit rise in promoter pledge in Q1 include names like Jindal Steel, Kesoram Industries, Orient Electric, IndusInd Bank, Bharat Wire etc.
Price Waterhouse & Co Chartered Accountants LLP resigned citing reservations on certain inter-group transactions that promoter group made during FY19
Mumbai-based Singhi & Co has replaced the PwC as auditor of the company, Eveready said in the release
We observed formation of a bullish engulfing pattern in the last week and the stock price is now showing a follow-through up move in this week
It incurred Rs 23.21 crore in the voluntary retirement scheme for workmen at its facility in Chennai