Havells India is currently trading at Rs. 900.00, up by 6.20 points or 0.69% from its previous closing of Rs. 893.80 on the BSE.
The scrip opened at Rs. 898.00 and has touched a high and low of Rs. 904.60 and Rs. 895.00 respectively. So far 5420 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 904.60 on 25-Mar-2014 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. 904.60 and Rs. 833.40 respectively. The current market cap of the company is Rs. 11253.84 crore.
The promoters holding in the company stood at 61.68% while Institutions and Non-Institutions held 31.39% and 6.93% respectively.
Havells India has achieved top-line of around Rs 625 crore in Uttar Pradesh (UP) during the current fiscal. This would be a growth of about 25% compared to Rs 510 crore turnover in 2012-13.
UP contributes 12% of the company’s total revenues and the company is expanding its distribution and service network to penetrate deeper into the market to reach smaller towns and villages.
The fan business alone contributes Rs 700 crore to the overall turnover of the company. Havells has a market pie of over 25% in the regular and premium fan category.
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.
