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Havells India gains on plan to manufacture small domestic appliances

21 Dec 2015 Evaluate

Havells India is currently trading at Rs. 306.50, up by 1.90 points or 0.62% from its previous closing of Rs. 304.60 on the BSE.

The scrip opened at Rs. 304.90 and has touched a high and low of Rs. 307.35 and Rs. 303.15 respectively. So far 13623 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 315.65 on 24-Mar-2015 and a 52 week low of Rs. 235.60 on 09-Nov-2015.

Last one week high and low of the scrip stood at Rs. 310.00 and Rs. 297.60 respectively. The current market cap of the company is Rs. 19024.94 crore.

The promoters holding in the company stood at 61.63% while Institutions and Non-Institutions held 26.77% and 11.59% respectively.

Havells India, electrical goods makers, will start manufacturing small domestic appliances from January 2016. The company will make appliances like mixer grinder, juicer mixer grinder, electric iron and induction cook top.

Havells India is a leading FMEG Company with a strong global footprint. It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Pumps, Fans, Modular Switches, Home Appliances, Electric Water Heaters, Power Capacitors, CFL Lamps etc.

 

Peers
Company Name CMP
Waaree Energies 2491.80
Apar Industries 17767.45
Havells India 1095.00
Suzlon Energy 40.78
Siemens 3874.65
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