Eveready Industries India Ltd shares advance as SEBI disclosure filed for acquisition by Times Horizon Pvt Ltd & Others
Why did Eveready Industries India Ltd shares fall today?
As of 11:14 AM on Monday, shares of Eveready Industries India Ltd were trading at ₹316.75, reflecting a modest decline of 0.14% from their previous close. This downward movement in the stock price can be linked to a regulatory filing made by the company.
The disclosure, received by the stock exchange under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertains to Times Horizon Pvt Ltd & Others. In simple terms, this regulation requires major shareholders or acquirers to inform the company and the exchange when their shareholding crosses certain thresholds, indicating a potential change in control or significant ownership.
Such announcements are closely watched by the market as they can signal future strategic shifts or stake sales. Even though the disclosure itself might not reveal an immediate action, it often prompts investors to react and reassess their positions. The minor selling pressure today is likely a reflection of this cautious sentiment following the news.
What does Eveready Industries India Ltd do?
Eveready Industries India Ltd operates within the consumer goods sector, specifically focusing on the battery business. The company's primary activity involves the production and sale of batteries as its core product offering.
Eveready Industries India Ltd Financials
In CroresBased on the provided data, Eveready Industries India Ltd experienced a notable increase in revenue from ₹327.23 crore in March 2026 to ₹407.71 crore in June 2026. However, this top-line growth was accompanied by a significant decline in profit, which fell from ₹141.76 crore to ₹36.97 crore over the same period. The trend indicates that while the company successfully grew its sales quarter-on-quarter, its profitability decreased sharply, suggesting higher costs or reduced margins in the June quarter.
Eveready Industries India Ltd Shareholding Pattern
Promoter holding stands at 43.6% of the total share capital. Foreign Institutional Investors (FIIs) hold 5.44% stake in the company, while Domestic Institutional Investors (DIIs) hold 2.84%. Public shareholders hold the remaining 48.12% stake in Eveready Industries India Ltd.
Eveready Industries India Ltd FAQs
Q: Why did Eveready shares fall 0.14% today?
The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Times Horizon Pvt Ltd & Others. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Eveready Industries India Ltd?
As per the latest data, promoters hold 43.6% stake in Eveready Industries India Ltd, while FII holding stands at 5.44%. Domestic institutional investors hold 2.84%, and public shareholders account for 48.12% of the equity.
Q: What is the current stock price of Eveready Industries India Ltd?
Eveready Industries India Ltd shares are currently trading at ₹316.75, recording a decline of 0.14% from the previous close.
Q: What is the market capitalization of Eveready Industries India Ltd?
The company currently has a market capitalization of ₹2302.37 crore, reflecting its valuation in the Indian equity market.