Eureka Forbes Ltd lists shares on NSE

Eureka Forbes Limited, one of India's largest health and hygiene companies, today announced the listing of its shares on the National Stock Exchange (NSE).

The scrip code of Company has also undergone a change. The shares were previously listed only on the Bombay Stock Exchange (BSE) under the scrip code EUREKAFORBE. With the listing on NSE, the scrip code is now EUREKAFORB on both the stock exchanges.

Eureka Forbes Limited has undertaken a transformation journey "Udaan" and has made significant progress over the last 2 years. It has reported sustained volume growth for 4 successive quarters, EBITDA margins improved by 401bps to 10.3% in FY24 and the Company has now become cash surplus.

Speaking on the occasion, the Company's spokesperson said "Listing on the NSE is an important event in our endeavors to be accessible to more shareholders and investors. Our transformation initiative Udaan has seen progress on multiple fronts and our focus will remain on driving the transformation initiatives to create long term value."

Shares of Eureka Forbes Ltd was last trading in BSE at Rs. 505.50 as compared to the previous close of Rs. 493.25. The total number of shares traded during the day was 180121 in over 10219 trades.

The stock hit an intraday high of Rs. 509.90 and intraday low of 494.00. The net turnover during the day was Rs. 90942031.00.

Source : Equity Bulls

Keywords

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