Havells India inches up on its aim to achieve 10% share in affordable modular switch market

10 Jun 2016

Havells India is currently trading at Rs. 358.15, up by 0.20 points or 0.06% from its previous closing of Rs. 357.95 on the BSE.

The scrip opened at Rs. 357.05 and has touched a high and low of Rs. 359.40 and Rs. 355.80 respectively. So far 9,773 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 378.00 on 31-May-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. 365.00 and Rs. 354.70 respectively. The current market cap of the company is Rs. 22,369.00 crore.

The promoters holding in the company stood at 61.63% while Institutions and Non-Institutions held 29.74% and 8.62% respectively.

Fast Moving Electrical Goods (FMEG) Company Havells India is aiming to achieve 10% share of the Rs 1000 crore strong entry-level modular switch market in the country in the next 2-3 years.

The company launched its recently introduced affordable switch brand Reo Bliss in Maharashtra, marking its entry in this category in the State. The new range of entry level modular switches will be manufactured at the company’s plant at Baddi.

The new range of switches will be available in seven colours and nineteen different combinations - blue, red, grey, white, ivory, black and beige. They will be made from coloured polymers against the general trend of painting the plastic covers that helps in retaining cooler and shine throughout the life of the switch.


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