Havells India shrugs off bulk selling of shares by Citigroup

Havells India rose 1.02% to Rs 303 at 9:18 IST on BSE after Citigroup Global Markets Mauritius sold 61 lakh shares of the company at an average price of Rs 292.03 per share in a bulk deal on the NSE yesterday, 3 December 2015.

Meanwhile, the S&P BSE Sensex was down 171.02 points or 0.66% at 25,694.57.

On BSE, so far 59,000 shares were traded in the counter as against average daily volume of 3.44 lakh shares in the past two weeks.

The stock hit a high of Rs 303.65 and a low of Rs 300.55 so far during the day. The stock had hit a record high of Rs 346.15 on 10 December 2014. The stock had hit a 52-week low of Rs 235.60 on 9 November 2015.

Havells India's net profit rose 0.9% to Rs 120.72 crore on 1% decline in net sales to Rs 1339.01 crore in Q2 September 2015 over Q2 September 2014.

Havells India is a leading fast moving electrical goods (FMEG) company with a strong global footprint.

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