Havells India rises on eyeing topline of Rs 500 crore in Karnataka by 2016

Havells India is currently trading at Rs. 261.00, up by 1.50 points or 0.58% from its previous closing of Rs. 259.50 on the BSE.

The scrip opened at Rs. 261.40 and has touched a high and low of Rs. 262.50 and Rs. 260.25 respectively. So far 25493 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 346.15 on 10-Dec-2014 and a 52 week low of Rs. 239.50 on 29-Sep-2015.

Last one week high and low of the scrip stood at Rs. 266.70 and Rs. 254.60 respectively. The current market cap of the company is Rs. 16314.23 crore.

The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 26.77% and 11.59% respectively.

Havells India is targetting a topline of Rs 500 crore by 2016 in Karnataka. The company is also planning to expand its reach to tier II and III cities and towns to increase retail network.

The company has a strong presence in Karnataka with a network of over 400 dealers and distributors in more than 60 cities across the state.

Havells India is a leading Fast Moving Electrical Goods (FMEG) Company with a strong global footprint. It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Pumps, Fans, Modular Switches, Home Appliances, Electric Water Heaters, Power Capacitors, CFL Lamps etc.