Havells hits record high

Havells India rose 1.52% to Rs 571.65 at 12:58 IST on BSE after the company said it has unveiled a range of unique water purifiers capable of handling new age pollutants.

The announcement was made during market hours today, 5 January 2018.

Meanwhile, the S&P BSE Sensex was up 119.56 points or 0.35% at 34,089.20.

On the BSE, 76,000 shares were traded on the counter so far as against average daily volumes of 91,106 shares in the past one quarter. The stock had hit a high of Rs 575 so far during the day, which is a record high. The stock hit a low of Rs 564 so far during the day. The stock had hit a 52-week low of Rs 342.95 on 4 January 2017.

The stock had outperformed the market over the past one month till 4 January 2018, gaining 9.92% compared with the Sensex's 3.35% rise. The stock had also outperformed the market over the past one quarter, advancing 11.46% as against the Sensex's 7.26% rise. The scrip had also outperformed the market over the past one year, surging 60.52% as against the Sensex's 27.55% rise.

The large-cap company has equity capital of Rs 62.51 crore. Face value per share is Rs 1.

Havells India said that the latest range of water purifiers maintain the pH balance in water and adds various essential minerals and trace elements lost during the reverse osmosis (RO) process.

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 leading FMEG company (fast moving electrical goods) with presence across India.

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