Havells India is currently trading at Rs. 632.55, up by 6.50 points or 1.04% from its previous closing of Rs. 626.05 on the BSE.
The scrip opened at Rs. 630.05 and has touched a high and low of Rs. 643.95 and Rs. 629.90 respectively. So far 8877 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 728.95 on 03-Sep-2018 and a 52 week low of Rs. 454.00 on 06-Feb-2018.
Last one week high and low of the scrip stood at Rs. 659.00 and Rs. 605.65 respectively. The current market cap of the company is Rs. 39614.33 crore.
The promoters holding in the company stood at 59.55%, while Institutions and Non-Institutions held 30.04% and 10.23% respectively.
Havells India is reportedly planning to employ an additional 100-150 people for its Research and Development (R&D) team in the coming two years. The company will hire mostly fresh talent with knowledge of hardware-software co-design, design and artificial intelligence, material technologies and Internet of Things (IoT).
The company would double its R&D spending to around 2% of revenue in the next two years from 0.9% at present.
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.
