Eveready Industries surges on plans to foray into home appliances business

The stock surged 7% to Rs 249 on NSE after the company said that it plans to make a foray into home appliances sector.

Eveready Industries
Eveready Industries
SI Reporter Mumbai
Last Updated : Mar 08 2016 | 10:40 AM IST
Eveready Industries has surged 7% to Rs 249 on the National Stock Exchange (NSE) after the company announced that it plans to make a foray into home appliances sector.

The company is in the process of launching a range of electrical and non-electrical appliances as ceiling fans, choppers, coffee maker, irons, food processors, water heaters, induction cookers, juicer mixer grinders, Juicers, Kettles etc, the company informed NSE.

The said products will cater to the domestic market, it added.

At 10:33 am, the stock was up 5% at Rs 243 on the NSE. A combined 136,936 shares changed hands on the counter on the NSE and BSE so far.
 

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First Published: Mar 08 2016 | 10:36 AM IST

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