Eveready Industries hits 5-month high on hopes of better business outlook

So far in August, the stock has gained 16 per cent, after the company reported healthy growth in topline performance, backed by volume gains despite a market slow down due to inflationary conditions.

Shares of Eveready Industries hit five-month high of Rs 367.70, up 3 per cent on the BSE in Wednesday’s trade. The stock has surged nearly 7 per cent in the past two days on hopes of better business outlook. The stock of batteries maker quoted at its highest level since March 3, 2022. Earlier, it had hit a 52-week high of Rs 413.30 on October 6, 2021.

Eveready is a household name in batteries, flashlights and lighting. With over 50 per cent market share in India, Eveready has become a common name associated with batteries.

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