Havells India scales record high after good Q1 result

Havells India rose 1.13% to Rs 380.70 at 14:03 IST on BSE after net profit rose 36.3% to Rs 145.58 crore on 18% rise in total income to Rs 1497.49 crore in Q1 June 2016 over Q1 June 2015.

The result was announced on Saturday, 23 July 2016.

Meanwhile, the BSE Sensex was up 267.51 points, or 0.96%, to 28,070.75

On BSE, so far 2.88 lakh shares were traded in the counter, compared with an average volume of 1.07 lakh shares in the past one quarter. The stock hit a high of Rs 388.70 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 373.30 so far during the day. The stock hit a 52-week low of Rs 235.60 on 9 November 2015. The stock had underperformed the market over the past one month till 22 July 2016, rising 2.87% compared with Sensex's 3.88% rise. The scrip outperformed the market in past one quarter, advancing 11.36% as against Sensex's 7.61% rise.

The large-cap company has an equity capital of Rs 62.49 crore. Face value per share is Re 1.

Havells India is a fast moving electrical goods (FMEG) manufacturer, producing a wide range of industrial and consumer electrical products.

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