Havells India declines after frail Q1 numbers

Havells India declined 4.57% to Rs 666.5 at 13:53 IST on the BSE after consolidated net profit fell 16.3% to Rs 177.09 crore on 4.5% increase in net sales to Rs 2716.88 crore in Q1 June 2019 over Q1 June 2018.

The result was announced on Saturday, 27 July 2019.

Meanwhile, the S&P BSE Sensex was down by 140.46 points or 0.37% to 37,742.33.

On the BSE, 3.42 lakh shares were traded in the counter so far compared with average daily volumes of 49000 shares in the past two weeks. The stock had hit a high of Rs 681 and a low of Rs 647 so far during the day. The stock hit a 52-week high of Rs 806.9 on 28 June 2019 and a 52-week low of Rs 549.7 on 19 October 2018.

Havells India is a leading fast moving electrical goods company with presence across India. Its product range includes industrial & domestic circuit protection switchgear, cables & wires, motors, fans and power capacitors.

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