Only buy orders on Eveready Industries; stock jumps 5%

Shares of Eveready Industries were locked at the 5 per cent upper circuit in Thursday’s trade with over 27,000 pending orders after the company got approval to resume operations at its Karnataka plant.

The company in a regulatory filing said it has received permission from the concerned government authority for operation of its battery manufacturing facility at Maddur, Karnataka, subject to certain guidelines inclusive of maintaining a minimum number of working employees.

Accordingly, the company’s battery manufacturing facility at Maddur is partially operational in a gradual and phased manner. The company is assessing the situation and will take all necessary measures as directed by the central and state government from time to time, it said.


Eveready Industries India is engaged in the manufacture of dry cell batteries and flashlights. It also manufactures tea under the brands Tez, Jaago, Premium Gold and Classic and insect repellents under the brand Eveready Poweron. The company was founded in 1905 and is based in Kolkata, West Bengal.

The stock was locked at Rs 59.85, up 5 per cent on BSE.