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Eveready Industries has surged 6% to Rs 125, extending its 19% rally in past seven trading sessions, after the company said its promoters increased their stake in the company through open market.
The stock is currently trading at its highest level since April 2006 on National Stock Exchange (NSE). The trading volumes on the counter rose more than three-fold with a combined 763,772 shares changed hands on NSE and BSE till 1215 hours.
Since October 16, shares of battery maker has zoomed 25% from Rs 100 on NSE.
Williamson Magor & Company had acquired 251,000 shares of the company at an average price of Rs 103.65 per share on October 16, Eveready Industries said in a regulatory filing.
On October 17, Amritanshu Khaitan, managing director and one of the promoters of the company, had bought 16,367 shares of Eveready Industries at Rs 100.64 per share, data shows.
Meanwhile, the total promoters holding in the company increased to 43.36% in September quarter from 40.86% at the end of December 2013 quarter.
Foreign institutional investors (FIIs) which held 3.43% stake and domestic institutional investors (DIIs) held 10.46% stake as of September 2014, also raised their holdings in the company during calendar year 2014. At the beginning of calendar year, FIIs and DIIs had 0.53% and 7.31% stake respectively.
The stock has outperformed the market by appreciating 263% from Rs 34.55, compared to 27.5% rise in the benchmark CNX Nifty so far in the calendar year 2014.
The stock is currently trading at its highest level since April 2006 on National Stock Exchange (NSE). The trading volumes on the counter rose more than three-fold with a combined 763,772 shares changed hands on NSE and BSE till 1215 hours.
Since October 16, shares of battery maker has zoomed 25% from Rs 100 on NSE.
Williamson Magor & Company had acquired 251,000 shares of the company at an average price of Rs 103.65 per share on October 16, Eveready Industries said in a regulatory filing.
On October 17, Amritanshu Khaitan, managing director and one of the promoters of the company, had bought 16,367 shares of Eveready Industries at Rs 100.64 per share, data shows.
Meanwhile, the total promoters holding in the company increased to 43.36% in September quarter from 40.86% at the end of December 2013 quarter.
Foreign institutional investors (FIIs) which held 3.43% stake and domestic institutional investors (DIIs) held 10.46% stake as of September 2014, also raised their holdings in the company during calendar year 2014. At the beginning of calendar year, FIIs and DIIs had 0.53% and 7.31% stake respectively.
The stock has outperformed the market by appreciating 263% from Rs 34.55, compared to 27.5% rise in the benchmark CNX Nifty so far in the calendar year 2014.
