Everest Industries surges on plan to start production from UAE plant

28 Sep 2015 Evaluate

Everest Industries is currently trading at Rs. 315.00, up by 3.60 points or 1.16% from its previous closing of Rs. 311.40 on the BSE.

The scrip opened at Rs. 315.00 and has touched a high and low of Rs. 315.00 and Rs. 315.00 respectively. So far 38 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 430.00 on 15-Jul-2015 and a 52 week low of Rs. 242.50 on 07-Oct-2014.

Last one week high and low of the scrip stood at Rs. 315.00 and Rs. 300.00 respectively. The current market cap of the company is Rs. 483.79 crore.

The promoters holding in the company stood at 49.04% while Institutions and Non-Institutions held 15.67% and 35.29% respectively.

Building solutions firm Everest Industries is all set to kick-start production from its first overseas greenfield facility in the UAE in the first quarter of next year.

The facility will be used to manufacture fibre cement boards and cater to the company’s export markets in West Asia and Africa. Set up at an investment of Rs 100 crore, it will be able to produce up to 72,000 tonnes a year.

Everest Industries provides the world-class building solutions to meet construction requirements, in the Industrial, commercial and residential sectors. Historically, this company has provided rural shelters by making corrugated roofing sheets available to farmers at a competitive price.

 

Everest Industries Share Price

1140.60 21.05 (1.88%)
01-Nov-2024 18:59 View Price Chart
Peers
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