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Havells rises on inking agreement with Hyundai Electric & Energy Systems

15 Mar 2018 Evaluate

Havells India is currently trading at Rs. 525.25, up by 8.45 points or 1.64% from its previous closing of Rs. 516.80 on the BSE.

The scrip opened at Rs. 522.70 and has touched a high and low of Rs. 528.00 and Rs. 520.50 respectively. So far 66646 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 592.70 on 29-Jan-2018 and a 52 week low of Rs. 421.70 on 15-Mar-2017.

Last one week high and low of the scrip stood at Rs. 528.00 and Rs. 500.20 respectively. The current market cap of the company is Rs. 32857.80 crore.

The promoters holding in the company stood at 61.58%, while Institutions and Non-Institutions held 28.74% and 9.69% respectively.

Havells India has signed an agreement with Hyundai Electric & Energy Systems for manufacturing Magnetic Contactors.

Under the agreement, Hyundai Electric will provide technology know-how and grant a license to manufacture and market Magnetic Contactors under Havells brand.

Havells India is a leading FMEG company (Fast moving electrical goods) with presence across India. Its product range includes Industrial & Domestic Circuit Protection Switchgear, Cables&  Wires,  Motors,  Fans,  Power  Capacitors,  Luminaires  for  Domestic,  Commercial  & Industrial applications, Modular Switches etc.

Peers
Company Name CMP
Waaree Energies 2491.80
Apar Industries 17767.45
Havells India 1095.00
Suzlon Energy 40.78
Siemens 3874.65
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