Everest Industries declares dividend, surges over 6%

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Shares of Everest Industries surged over 6% on BSE after the board of directors of the company in its AGM has declared a dividend of Rs 1 per equity share.
Shares of Everest Industries surged over 6% on BSE after the board of directors of the company in its AGM has declared a dividend of Rs 1 per equity share.
The shares of the company on NSE started their day’s trade Rs 282 per share touched a high of Rs 310.95 per share and a low of Rs 281.45 per share.
The total traded quantity of the shares stands at 0.89 lakhs on BSE. The stock has also spurted over 4.46 times in today’s intraday trade on BSE.
The company's Q4 net profit spiked by 18.5% at Rs 14.1 crore versus Rs 11.9 crore, in the same quarter last fiscal.
Total income of the company was down 4% at Rs 323.7 crore versus Rs 337.3 crore.
The company's operating profit (EBITDA) was up 4.4% at Rs 28.3 crore and EBITDA margin was up at 8.7%
Stock view:
Everest Industries Ltd is currently trading at Rs 296.75, up by Rs 18.75 or 6.74% from its previous closing of Rs 278 on the BSE.
The scrip opened at Rs 282.8 and has touched a high and low of Rs 301.9 and Rs 281.1 respectively. So far 531542(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 428.76 crore.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 328 on 04-Jul-2016 and a 52 week low of Rs 182 on 26-Dec-2016. Last one week high and low of the scrip stood at Rs 279.8 and Rs 256.15 respectively.
The promoters holding in the company stood at 48.76 % while Institutions and Non-Institutions held 8.51 % and 42.72 % respectively.
The stock is currently trading above its 50 DMA.

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