Havells India rose 0.82% to Rs 449.85 at 11:22 IST on BSE after the company announced that it has commenced the commercial production at its plant in Assam.
The announcement was made after market hours yesterday, 20 March 2017.Meanwhile, the S&P Sensex was down 90.88 points, 0.31% at 29,427.86.
On the BSE, 54,000 shares were traded on the counter so far as against the average daily volumes of 1.67 lakh shares in the past one quarter. The stock had hit a high of Rs 451.90 and a low of Rs 444.50 so far during the day.
The stock had hit a record high of Rs 459.80 on 6 October 2016 and a 52-week low of Rs 287 on 18 March 2016. The stock had outperformed the market over the past one month till 20 March 2017, advancing 7.63% compared with the Sensex's 2.99% rise. The scrip had also outperformed the market over the past one quarter advancing 39.74% as against the Sensex's 12.20% rise.
The large-cap company has equity capital of Rs 62.49 crore. Face value per share is Rs 1.
Havells India announced that it has commenced the commercial production at its plant situated at District-Kamrup (Rural), Assam, with effect from 20 March 2017.
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Havells India's net profit rose 27.5% to Rs 152.97 crore on 13.1% increase in net sales to Rs 1493.61 crore in Q3 December 2016 over Q3 December 2015.
Havells India is a fast moving electrical goods (FMEG) manufacturer, producing a wide range of industrial and consumer electrical products.
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