Financial Daily
from THE HINDU group of publications
Saturday, December 09, 2000
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Financial Daily from THE HINDU group of publications Saturday, December 09, 2000 |
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Eveready: Low charge
The decision of Eveready Industries to sell more of its tea gardens may not enthuse market sentiment for the stock.
The company has decided to sell its tea estates at Matelli and Jainti in Doars for Rs 33 crore. The sale of more tea gardens comes in the backdrop of considerable uncertainty over the future of its battery business also. As the industry fundamentals also
point to pressure on profitability, the recent moves may lead to flat trends in the stock price of Eveready Industries. -- BL Research Bureau
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