 "Cheviot Company hits record high; zooms over 40% in one week")
Cheviot Company has surged 11% to Rs 1,046, also its record high on the BSE, after Bullseye Enterprises bought stake in the company through open market.
On November 23, 2015, Bullseye Enterprises had purchased 32,305 equity shares of Cheviot Company at price of Rs 939.74 per share on the BSE, the bulk deal data shows.
The stock of the company engaged in manufacturing and sale of jute goods has zoomed 48% in past one week from Rs 709 on November 17, as compared to 0.11% rise in the S&P BSE Sensex.
At 01:31 PM, the stock was up 4.3% at Rs 987 on the BSE. Around 53,000 shares have already changed hands on the counter so far against an average 27,000 shares that were traded daily in past two weeks.
The company had reported a strong 64% year on year (YoY) jump in its standalone net profit at Rs 12.53 crore for the second quarter ended September 30, 2015 (Q2), on back of healthy revenue growth. Net sales grew 34% at Rs 97 crore on YoY basis.
On November 23, 2015, Bullseye Enterprises had purchased 32,305 equity shares of Cheviot Company at price of Rs 939.74 per share on the BSE, the bulk deal data shows.
The stock of the company engaged in manufacturing and sale of jute goods has zoomed 48% in past one week from Rs 709 on November 17, as compared to 0.11% rise in the S&P BSE Sensex.
At 01:31 PM, the stock was up 4.3% at Rs 987 on the BSE. Around 53,000 shares have already changed hands on the counter so far against an average 27,000 shares that were traded daily in past two weeks.
The company had reported a strong 64% year on year (YoY) jump in its standalone net profit at Rs 12.53 crore for the second quarter ended September 30, 2015 (Q2), on back of healthy revenue growth. Net sales grew 34% at Rs 97 crore on YoY basis.
