Havells India trades in green on the bourses

02 Mar 2017

Havells India is currently trading at Rs. 422.45, up by 12.65 points or 3.09% from its previous closing of Rs. 409.80 on the BSE.

The scrip opened at Rs. 409.80 and has touched a high and low of Rs. 430.75 and Rs. 409.80 respectively. So far 1,78,000 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. 275.10 on 03-Mar-2016.

Last one week high and low of the scrip stood at Rs. 430.75 and Rs. 396.40 respectively. The current market cap of the company is Rs. 26,397.00 crore.

The promoters holding in the company stood at 61.61%, while Institutions and Non-Institutions held 28.84% and 9.55% respectively.

Havells India, the country’s leading makers of branded electrical products, has acquired the consumer durable business (CDB) of Lloyd Electric and Engineering for an enterprise value of Rs 1,600 crore. The company will fund the transaction with internal resources and Rs 600-800 crore of debt. The deal is expected to close in two months.

The company has signed an agreement with Lloyd Electrical and Engineering and Fedders Lloyd Corporation to buy the Lloyd brand and the consumer durable business that is engaged in sourcing, assembling, marketing and distribution of consumer durables including air-conditioners, TVs, washing machines and other household appliances.

Lloyd is the third largest player in the room AC segment after Voltas and LG.

Havells India is the country’s leading Fast Moving Electrical Goods (FMEG) manufacturer, producing a wide range of world class industrial and consumer electrical products. The Company works in step with the Make in India initiative and has an extensive production and distribution network across India and the world.

Related Havells India Ltd. Links:

Havells India Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323