Meanwhile, the S&P BSE Sensex was up 354.82 points or 1.09% at 32,952.
On the BSE, 85,000 shares were traded on the counter so far as against average daily volumes of 94,788 shares in the past one quarter. The stock had hit a high of Rs 528 and a low of Rs 510.85 so far during the day. The stock had hit a record high of Rs 564.30 on 23 October 2017 and a 52-week low of Rs 310.50 on 27 December 2016.
The stock had outperformed the market over the past one month till 6 December 2017, advancing 2.37% compared with the Sensex`s 3.36% fall. The stock had also outperformed the market over the past one quarter, gaining 3.67% as against the Sensex`s 2.95% rise. The scrip had also outperformed the market over the past one year, advancing 53.68% as against the Sensex`s 23.51% rise.
The large-cap company has equity capital of Rs 62.51 crore. Face value per share is Rs 1.
Havells India has launched five variants in electric water heater with a capacity ranging from 1 ltr to 25 ltr, in the price range of Rs 3,500 to 14,000. The new range of water heaters are being manufactured at the world`s most modern plant in Neemrana, Rajasthan.
Havells India`s net profit rose 17.3% to Rs 171.02 crore on 22.4% growth in net sales to Rs 1777.36 crore in Q2 September 2017 over Q2 September 2016.
Havells India is a fast moving electrical goods (FMEG) manufacturer, producing a wide range of industrial and consumer electrical products.
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