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Havells India soars on inking pact with Shanghai Yaming Lighting

26 Dec 2011 Evaluate

Havells India is currently trading at Rs 398.45, up by 13.80 points or 3.59% from its previous closing of Rs 384.65 on the BSE.

The scrip opened at Rs 382.00 and has touched a high and low of Rs 401.90 and Rs 382.00 respectively. So far 93340 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 451.25 on 15-Jun-2011 and a 52 week low of Rs 290.10 on 11-Feb-2011.

Last one week high and low of the scrip stood at Rs 401.90 and Rs 365.00 respectively. The current market cap of the company is Rs 4971.65 crore.

The promoters holding in the company stood at 61.56% while Institutions and Non-Institutions held 18.71% and 19.73% respectively. 

Havells India, a leading player in the lighting and fixtures segment is entering into a joint venture agreement with Shanghai Yaming Lighting, a company based at the People’s Republic of China. The 50:50 joint venture is named Jiangsu Havells Sylvania Lighting.

The joint venture aims at providing energy and cost efficient products for Global Sylvania and local China markets. It entails an investment of $50 million and target an annual turnover of $100 million in the next three years. It will increasingly focus on introducing energy efficient and green lighting solutions including but not limited to LED’s, CMI, HID and lighting features.

Shanghai Yaming Lightings established in 1923 at Shanghai in China for making incandescent lamps. The company was the first producer of lamp in China.

Havells India is a billion dollar organization and India’s one of the largest and fastest growing electrical and power distribution equipment manufacturer.

Havells India Share Price

1305.85 14.80 (1.15%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1305.85
Siemens 3706.55
Apar Inds 11474.15
ABB India 7029.95
Waaree Energies 3471.45
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