Share Trading Tips

Eveready Ind. (Rs. ) (Code : 531507) :- For the latest June’10 quarter Eveready Industries posted encouraging result as PAT (excl.extraordinary items) improved by 50% to Rs 22 cr although sales grew marginally to Rs 238 cr. On the back of cost conservation efforts and marginal deferment of advertisement programme helped company record a healthy OPM of more than 15%. Co. has a strong portfolio comprising of dry cell batteries (carbon zinc batteries, rechargeable batteries and alkaline batteries), flashlights (torches), CFLs (Compact Fluorescent Lamps) and packet tea. It’s the undisputed market leader in batteries segment commanding more than 51% market share an 76% in flashlight market in India. Presently company is engaged in enriching its portfolio of LED flashlights by introducing products which are more technologically advanced. With 4000 distributors and a team of 1000 exclusive vans servicing retailers, company boast of having retail enetration exceeding 65% in its class of outlets. Its state-of-the-art manufacturing units are located in Kolkata, Noida, Uttaranchal, Chennai, Lucknow and Maddur. For future growth, company is putting special thrust on its new lighting product business i.e. CFL