Buy Eveready Industries @ 250.25 // Pradnya Gaikwad // 3 Feb 2016

[pradnya gaikwad]

Eveready Industries  are an undisputed market leader, commanding over 50% of the Indian market’s share. Moreover, we are the second largest producer of carbon-zinc batteries globally, with an offtake of over 1.3 billion batteries annually. We enjoy the highest brand recall and the widest product portfolio in India’s portable battery industry.

 CORE STRENGTHS:

·         One of the widest product portfolios in India’s portable energy requirements.

·         Extensive deep-rooted distribution network across urban and rural India.

·         Enjoy significant price leadership over competition.

The CAGR of Eveready Industries over 5 years are 7.5%.Sales are growing, reserves are more than debt  .So Eveready Industries is BUY company.

Market Price:Rs 250.25

Target Price:Rs 300.3

 

STOCK  INFO

Sector                              Dry Cells         Market Cap                     Rs1,820.09  52WeekH/L (BSE)           186.00 / 374.90  52WeekH/Low (NSE)     185.95 / 375.00  Volume                             17,395      Face value                         5.00  BSE Sensex                   Rs250.40  NSE                               Rs249.55

Category                                          % ofHolding
	(A)Promoters                                44.01 (B) General Public                      19.47 (C) Others                                      17.99 (D) NBFC And Mutual Funds       5.03 (E) Financial Institutions              13.50
Total                                                100.00