Everest Kanto share price hit a new 52-week high of Rs 15.45 on Wednesday after the Supreme Court ruling that only CNG-run taxis will be allowed to ply in Delhi and NCR. The company is engaged in the business of manufacturing industrial and CNG cylinders.
At 12.36 pm, the scrip was trading 15.50 per cent up at Rs 15.20. It opened at Rs 13.25 and had touched a high and low of Rs 15.45 and Rs 13.11, respectively, in trade so far. The share of the company surged as much as 17 per cent intraday on Wednesday. Sensex was up 0.98 per cent at 25,567.89.
In the past one year, the share price of Everest Kanto Cylinder climebed 24.62 per cent to Rs 13.16 on December 15. The benchmark index BSE Sensex fell 7.32 per cent during the same period.
For the quarter ended September 2015, the company posted a consolidated net loss of Rs 33.81 crore, down 34.06 per cent, against Rs 25.22 crore in the corresponding quarter a year ago.
The promoters holding in the company stood at 64.07 per cent while institutions and others held 0.27 per cent and 35.66 per cent respectively.
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