Havells India jumped 5.42% to Rs to Rs 736 at 14:45 IST on BSE after net profit rose 19.84% to Rs 109.68 crore on 11.84% growth on total income to Rs 1172.99 crore in Q4 March 2013 over Q4 March 2012.
The company announced Q4 results during trading hours today, 28 May 2013.
Meanwhile, the S&P BSE Sensex was up 90.33 points or 0.45% at 20,121.10.
On BSE, 2.33 lakh shares were traded in the counter as against average daily volume of 20,248 shares in the past one quarter.
The stock hit a high of Rs 751 so far during the day, which is a record high for the counter. The stock hit a low of Rs 697.30 so far during the day. The stock had hit a 52-week low of Rs 517.25 on 4 June 2012.
The stock had outperformed the market over the past one month till 27 May 2013, surging 8.81% compared with the Sensex's 3.86% rise. The scrip had also outperformed the market in past one quarter, jumping 8.68% as against Sensex's 4.59% gain.
The mid-cap company has equity capital of Rs 62.39 crore. Face value per share is Rs 5.
Havells India's net profit rose 21.59% to Rs 371.39 crore on 16.88% growth in total income to Rs 4234.61 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).
On consolidated basis, Havells India's net profit surged 57.17% to Rs 581.43 crore on 11% growth in total income to Rs 7281.26 crore in FY 2013 over FY 2012.
Havells India's board of directors at a meeting held today, 28 May 2013, recommended dividend of Rs 7.50 per share for FY 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.
Powered by Capital Market - Live News
