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Havells India jumps ahead of board meet for stock split

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Capital Market
Last Updated : Jun 27 2014 | 11:56 PM IST

Havells India jumped 6.30% to Rs 1,173 at 14:02 IST on BSE ahead of the company's board meeting on Monday, 30 June 2014, to consider stock split.

Meanwhile, the BSE Sensex was 37.08 points, or 0.15%, to 25,099.75.

On BSE, so far 51,000 shares were traded in the counter, compared with an average volume of 42,059 shares in the past one quarter.

The stock hit a high of Rs 1,192 and a low of Rs 1,112.55 so far during the day. The stock hit a 52-week high of Rs 1,242.05 on 16 June 2014. The stock hit a 52-week low of Rs 586 on 29 August 2013.

The stock had outperformed the market over the past one month till 26 June 2014, rising 17.93% compared with 1.40% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 21.65% as against Sensex's 13.43% rise.

The large-cap company has an equity capital of Rs 62.41 crore. Face value per share is Rs 5.

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Havells India's net profit rose 24.8% to Rs 136.92 crore on 11.9% growth in net sales to Rs 1300.09 crore in Q4 March 2014 over Q4 March 2013.

Havells India is one of the largest electrical and power distribution equipment manufacturer, with products ranging from industrial and domestic circuit protection switchgear, cables & wires, motors, fans, power capacitors, CFL lamps, luminaires for domestic, commercial and industrial applications, modular switches, water heaters and domestic appliances covering the entire gamut of household, commercial and industrial electrical needs.

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First Published: Jun 27 2014 | 2:11 PM IST

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