Havells India today advanced over 4% to Rs 281, backed by a volume of over 46,000 shares at the counter. _____________________________________________________
(Updated at 1102 hrs)
Havells India has gained 4.5% after reporting a 25% rise in Q4 net profit.
The stock opened with a positive gap of 2.6% at Rs 276. It surged 8% to a high of Rs 290 and is now trading 4.5% higher at Rs 282. Around 16,922 shares have been traded on the BSE so far.
The company informed the BSE that the net profit has increased 25% to Rs 49 crore in the quarter ended March 31,2009 from Rs 39 crore in the corresponding quarter a year ago. The total income, however, has slipped 4% to Rs 1,332.75 crore from Rs 1,385.75 crore.
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