This small-size building material company has rallied 25 per cent in five days!

In the afternoon deals, while the BSE smallcap index is trading with marginal losses, Everest Industries gained more than 15 per cent in the first half of the trading session

This small-size building material company, Everest Industries gained more than 15 per cent in the first half of the trading session. It has been in an uptrend for the past five trading sessions, gaining more than 25 per cent from Rs 600 on February 14, 2022, to Rs 754 today. It has touched its 52-week high in the morning trading session. 

Everest Industries has posted flat Q3 results last week. Revenue was up by 20 per cent on YoY, operating profit was marginally up on YoY, however, margins contracted 100 bps. Net profit increased 10 per cent on YoY.    

Everest Industries Ltd is one of India’s leading and fastest-growing complete building solutions providers. The company has an established distribution network of 7,000+ dealers with a presence in more than 1,00,000 villages and 600 cities in India. It has a market cap of Rs 1,164 crore with a P/E of 22.8x. 

At 12.30 PM, shares of the company were trading at Rs 744, up by 13.16 per cent for the day.