Eveready Industries India Ltd: A Top Performer in the Battery Industry

Aug 09 2024 03:35 PM IST
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Eveready Industries India Ltd (EIIL) has shown consistent growth and strong performance in the battery industry, gaining 7.38% on the stock market and being included in the Hidden Turnaround list on MarketsMojo. The stock is trading higher than moving averages and has outperformed the sector and Sensex, making it a promising investment choice.

Eveready Industries India Ltd (EIIL) has been making waves in the battery industry with its consistent growth and strong performance. The smallcap company has recently gained 7.38% on the stock market, with a stock call of 'Buy' by MarketsMOJO. This positive trend is a result of the company's inclusion in the Hidden Turnaround list on MarketsMOJO since 2023-08-14.

Despite the recent surge, the stock is still 4.62% away from its 52-week high of Rs 462.95. However, it has outperformed the sector by 5.16% and touched an intraday high of Rs 444.6, a 7.37% increase. This is a clear indication of the company's strong performance and potential for growth.

In terms of moving averages, Eveready Industries India Ltd is trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This further solidifies the company's position in the market and showcases its consistent growth.

In comparison to the Sensex, Eveready Industries India Ltd has outperformed with a 1-day performance of 7.70% compared to Sensex's 1.04%. In the past month, the company's performance has been even more impressive with a 12.12% increase, while the Sensex has seen a decrease of -0.80%.

Overall, Eveready Industries India Ltd is a strong player in the battery industry, with a promising future ahead. Its consistent growth and strong performance make it a top choice for investors looking for a reliable and profitable investment.
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