iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Evans Electric stock price up by 10% today

18 Nov 2022 , 02:26 PM

On Friday, Evans Electric shares were trading at a new 52-week high on the BSE while being stuck at the 10% upper circuit at Rs 189.75. The S&P BSE Sensex, in contrast, was down 0.52 percent at 61,428 at 12:15 PM.
As of now, 110,000 shares, or 8% of the company’s entire equity, have traded hands on the BSE, more than tripling the usual trading volume of the counter. According to exchange statistics, there were pending buy orders for 32,500 shares on the BSE. In the previous two weeks, there were on average less than 10,000 shares traded.
The stock has soared 121 % in the last eight trading days from a high of Rs 86, reached on November 7, 2022. On July 1, 2020, it reached a high of Rs 300. On the BSE, Evans Electric trades in the “M” group of the SME section. In the SME category, trading, clearing, and settlement all take place on a T+2 basis. Trades executed in BSE SME scrips must be settled in Demat a manner per law.
As of September 30, 2022, Evans Electric had only 1.37 million outstanding equity shares. According to data on shareholding patterns, the company’s promoters own 59.44 % of the shares, while individual shareholders (23.32 %) and Nelson Lionel Fernandes (14.69 %) are responsible for the remaining 40.56 %.
Evans Electric reported a net profit of Rs 2.73 crore for the first half of the fiscal 2022—23 (H1FY23), compared to Rs 37.67 lakh for the same period the previous year. In comparison to its net profit of Rs. 82 lakh for the entire previous fiscal year FY22, the company’s H1FY23 net profit more than doubled.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • BSE
  • business
  • Companies
  • Evans electric shares
  • India
  • news
  • NSE
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.