Havells India gains on plans to target semi urban and rural markets

09 May 2013 Evaluate

Havells India is currently trading at Rs. 680.95, up by 2.55 points or 0.38% from its previous closing of Rs. 678.40 on the BSE.

The scrip opened at Rs. 680.10 and has touched a high and low of Rs. 682.00 and Rs. 675.15 respectively.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 704.90 on 15-Feb-2013 and a 52 week low of Rs. 515.65 on 18-May-2012.

Last one week high and low of the scrip stood at Rs. 690.00 and Rs. 658.70 respectively. The current market cap of the company is Rs. 8437.90 crore.

The promoters holding in the company stood at 61.63% while Institutions and Non-Institutions held 26.74% and 11.63% respectively.

Havells India, fast-moving electrical goods company is planning to target semi-urban and rural markets with its non-modular switch brand Reo. It has recently, introduced the new range of switches under Reo brand and aims to achieve at least Rs 200-crore business from this category. It has spent Rs 60 crore last year to set up a new line to produce these non-modular switches.

The entity has decided to increase production capacity at its Himachal Pradesh facility from the current five lakh to 10 lakh units a day in the next two months. The company aims to expand its retail footprint by appointing more dealers and its exclusive brand shops under the brand Havells Galaxy.

Havells India is engaged in selling products in Kerala for several years and the business has shown an upward trend in terms of turnover in a short span of time. It has 10 manufacturing facilities in India in various states, including Himachal Pradesh, Uttar Pradesh and Rajasthan.

Havells India Share Price

1818.95 2.95 (0.16%)
20-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
Havells India 1818.95
Siemens 7510.00
Apar Inds 8452.10
ABB India 8542.90
CG Power & Indl.Soln 679.05
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