Battery distributor Eveready East Africa Plc’s share price has gained 90.7 per cent since the announcement of a new strategic investor on April 24, igniting hopes of a turnaround of the loss-making firm.
The company’s stock hit a 52-week high of Sh1.24 on Tuesday rising from Sh0.65 on April 20, which was the previous trading day before the material announcement was made.
