Havells India gains on launching MCB with enclosure

10 Jan 2017

Havells India is currently trading at Rs. 366.60, up by 3.30 points or 0.91% from its previous closing of Rs. 363.30 on the BSE.

The scrip opened at Rs. 366.10 and has touched a high and low of Rs. 369.60 and Rs. 365.50 respectively. So far 18461 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 459.80 on 06-Oct-2016 and a 52 week low of Rs. 259.00 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 369.60 and Rs. 340.35 respectively. The current market cap of the company is Rs. 22910.32 crore.

The promoters holding in the company stood at 61.61%, while institutions and non-institutions held 29.59% and 8.80% respectively.

Havells India has launched a unique offering of miniature circuit breaker (MCB) with enclosure christened as ‘REO Armour’. The new range of ‘REO Armour’ comes with MCBs in an enclosure for a pre-determined load and is aimed at providing top quality product to low cost housing sector that otherwise rely on sub-standard MCBs to guard against short circuits and other electrical hazards. Reo Armour is adroitly designed, entry level safety solution for houses and office/shops alike, which will be available under the widely popular Reo brand.

The new range has been completely designed and developed by the Research and Development (R&D) team of Havells and will redefine the concept of protection against electrical risks like short circuits and overload, especially at a time when consumers use multiple electrical and electronic devices. The product comes with preinstalled isolator and has the option for cable entry from top/ bottom/ rear to make installation easier.

Reo Armour is being manufactured at the company's state of the art plant at Baddi in Himachal Pradesh and will be available in the price range of Rs 750 - Rs 1,385.

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.

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Havells India Share Price

1135.75 18.80 (1.68%) Mar 08, 09:29
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