Havells India jumps after good Q3 outcome

Havells India rose 4.70% to Rs 780 at 13:41 IST on BSE after net profit rose 28.32% to Rs 121.47 crore on 12.76% increase in total income to Rs 1195.10 crore in Q3 December 2013 over Q3 December 2012.

The result was announced during trading hours today, 29 January 2014.

Meanwhile, the BSE Sensex was up 76.41 points, or 0.37%, to 20,759.92.

On BSE, so far 76,000 shares were traded in the counter, compared with an average volume of 34,699 shares in the past one quarter.

The stock hit a high of Rs 784.70 and a low of Rs 743.75 so far during the day. The stock hit a record high of Rs 844.95 on 9 January 2014. The stock hit a 52-week low of Rs 556.80 on 28 March 2013.

The stock had underperformed the market over the past one month till 28 January 2014, sliding 7.10% compared with the Sensex's 2.41% fall. The scrip had, however, outperformed the market in past one quarter, rising 7.49% as against Sensex's 0.55% rise.

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

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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