Havells gains on aiming to achieve 29% growth in lighting business

06 Oct 2017

Havells India is currently trading at Rs. 508.45, up by 2.50 points or 0.49% from its previous closing of Rs. 505.95 on the BSE.

The scrip opened at Rs. 505.90 and has touched a high and low of Rs. 511.00 and Rs. 505.90 respectively. So far 10714 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 525.40 on 11-May-2017 and a 52 week low of Rs. 303.60 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 513.00 and Rs. 472.55 respectively. The current market cap of the company is Rs. 31795.05 crore.

The promoters holding in the company stood at 61.58%, while institutions and non-institutions held 29.50% and 8.93% respectively.

Havells is reportedly planning to achieve 29% growth in lighting business to reach a top-line of Rs 1,400 crore next year. Channel extensions, new product launches and general growth in the lighting category will help the company to the said target.

Having invested in a plant with a capital outlay of Rs 100 crore for making LED lights and fixtures, it wants to compete with market leader Philips in the Rs 9,000 crore LED segment and is eyeing a leadership position.

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.

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Havells India Share Price

996.15 -11.90 (-1.18%) May 14, 18:01
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