Havells India gains as board to consider stock split

Havells India rose 1.07% to Rs 1115.20 at 14:12 IST on BSE after the company said that its board of directors will meet on 30 June 2014, to consider stock-split.

The announcement was made during market hours today, 23 June 2014.

Meanwhile, the S&P BSE Sensex was down 135.55 points or 0.54% at 24,969.96.

On BSE, so far 45,000 shares were traded in the counter as against average daily volume of 41,060 shares in the past one quarter.

The stock was volatile. The stock rose as much as 3.41% at the day's high of Rs 1,141 so far during the day. The stock lost as much as 1.05% at the day's low of Rs 1,091.75 so far during the day. The stock had hit a record high of Rs 1,242.05 on 16 June 2014. The stock had hit a 52-week low of Rs 586 on 29 August 2013.

The stock had outperformed the market over the past one month till 20 June 2014, surging 14.09% compared with the Sensex's 2.99% rise. The scrip had outperformed the market in past one quarter, surging 29.33% as against Sensex's 15.48% rise.

The large-cap company has equity capital of Rs 62.41 crore. Face value per share is Rs 5.

Havells India's net profit rose 24.8% to Rs 136.92 crore on 11.9% growth in net sales to Rs 1300.09 crore in Q4 March 2014 over Q4 March 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.

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