 "Eveready Industries touches new high on FIIs buying")
Shares of Eveready Industries were trading higher by 2% to Rs 343 on the BSE after foreign institutional investors (FIIs) increased their stake in the company by nearly six per centage points during the April- June 2015 quarter.
FIIs' total holdings in the company increased to 16.29% in the June quarter from 10.47% at the end of March quarter. They held 7.47% stake in the December 2014 quarter, the shareholding pattern data shows.
The stock of Eveready opened at Rs 336 and touched a new high of Rs 351 on the BSE. A combined 465,093 shares have changed hands on the counter on the BSE and NSE till 1509 hours.
Thus far in 2015, the stock has outperformed the market by gaining 90% from Rs 180 on December 31, 2014 compared to a sub-2% rise in the S&P BSE Sensex.
FIIs' total holdings in the company increased to 16.29% in the June quarter from 10.47% at the end of March quarter. They held 7.47% stake in the December 2014 quarter, the shareholding pattern data shows.
The stock of Eveready opened at Rs 336 and touched a new high of Rs 351 on the BSE. A combined 465,093 shares have changed hands on the counter on the BSE and NSE till 1509 hours.
Thus far in 2015, the stock has outperformed the market by gaining 90% from Rs 180 on December 31, 2014 compared to a sub-2% rise in the S&P BSE Sensex.