Havells India is currently trading at Rs. 340.20, up by 2.15 points or 0.64% from its previous closing of Rs. 338.05 on the BSE.
The scrip opened at Rs. 340.00 and has touched a high and low of Rs. 344.80 and Rs. 339.00 respectively. So far 32796 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 355.00 on 20-Apr-2016 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. 355.00 and Rs. 331.45 respectively. The current market cap of the company is Rs. 21332.80 crore.
The promoters holding in the company stood at 61.63% while Institutions and Non-Institutions held 29.74% and 8.62% respectively.
Havells India has forayed into entry level modular switches with the launch of its innovative range of switches named ‘Reo Bliss’. The new range of entry level modular switches is aimed at customers looking for pioneering and attractive switches at economical prices. With this launch the company will enhance its presence from 700 to 1100 towns (of 1250 towns) with 50000 and above population over next 2-3 years.
‘Reo Bliss’ range of switches represents a unique symbiosis of advanced technology, maximum functionality and exquisite design to match the taste of today’s discerning customers who want best in class product at affordable prices. The new range carries a compact exterior with shrouded terminals, captive screws, brass terminals, arc shield, shuttered socket providing smooth and noise free operation. It is made of best in class engineering polymers. The new range will be manufactured at the company’s plant at Baddi.
The switches will be available in seven attractive colours and three different combinations- Aqua Blue, Plum Red, Stone Grey, White, Classic Ivory, Jet Black and sand Beige. The switches will be made from colored polymers against the general trend of painting the plastic covers that helps in retaining colour and shine throughout the life of the switch.
Havells India is engaged in manufacturing and marketing of electrical and power equipments. It offers industrial and domestic circuit protection switchgear, cables and wires, motors, fans, power capacitors, lamps, luminaries for domestic, commercial and industrial applications, modular switches and bath fittings.