Havells India is currently trading at Rs. 673.00, up by 2.10 points or 0.31% from its previous closing of Rs. 670.90 on the BSE.
The scrip opened at Rs. 673.80 and has touched a high and low of Rs. 680.00 and Rs. 666.00 respectively. So far 9964 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 817.00 on 18-Jul-2013 and a 52 week low of Rs. 556.80 on 28-Mar-2013.
Last one week high and low of the scrip stood at Rs. 683.00 and Rs. 620.65 respectively. The current market cap of the company is Rs. 8407.30 crore.
The promoters holding in the company stood at 61.64% while Institutions and Non-Institutions held 31.69% and 6.67% respectively.
Havells India is planning to invest Rs 50 crore in a new home appliance plant at Neemrana in Rajasthan. The facility will be operational from February next year. The company already has India’s first large scale lighting fixture plant at Neemrana and is now expanding into new products.
The company garners revenue of around Rs 7,248 crore from domestic market, while Rs 3,000 crore turnover came from overseas market during the last fiscal.
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.
