India, Oct. 27 -- The Mumbai-based high-pressure gas cylinder maker has crossed a notable operational milestone abroad, just as its latest quarterly numbers showed weaker sales and profit. The development opens a new market for its products, though the full financial benefit will probably take quite a while to show up in the accounts.

The Nifty 50 traded down 0.16% at 22,717 on Tuesday, while the Sensex edged down 0.28% to 73,403. Following this market movement, shares ofEverest Kanto Cylinder Ltd trading at Rs. 98.17. The stock touched an intraday high of Rs. 100.23 after opening at Rs. 98.95, before hitting a low of Rs. 98.01. The company currently commands a market capitalization of Rs. 1,101.54 crore.

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