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Eveready gains on rival Duracell's planned sale by P&G

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Reuters
Last Updated : Oct 29 2014 | 11:25 AM IST

Reuters Market Eye - Battery maker Eveready Industries India jumps 4.4 percent, its highest since April 2006.

Rival Duracell's sale by Procter & Gamble Co will lead to higher relative valuations and aid market share, say traders.

Stock adds to 7.4 percent gain over last two sessions since P&G's announcement on Friday.

Procter & Gamble said it would sell its Duracell battery business, probably through a split-off.

(Reporting by Abhishek Vishnoi)

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First Published: Oct 29 2014 | 11:17 AM IST

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