Havells India surges after stock split

Havells India rose 9.80% to Rs 273.75 at 13:10 IST on BSE after stock split.

Meanwhile, the BSE Sensex was down 44.98 points, or 0.17%, to 26,392.04.

On BSE, so far 6.19 lakh shares were traded in the counter, compared with an average volume of 48,212 shares in the past one quarter.

The stock hit a high of Rs 279.70 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 246.45 so far during the day. The stock hit a 52-week low of Rs 117.20 on 29 August 2013.

The stock had underperformed the market over the past one month till 25 August 2014, rising 0.77% compared with 1.19% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 33.16% as against Sensex's 7.06% rise.

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

Havells India split each equity share of face value Rs 5 each into five equity shares of Re 1 each, with trading starting as of Tuesday, 26 August 2014.

Havells India's net profit rose 13.32% to Rs 107.27 crore on 22.18% increase in total income to Rs 1288.41 crore in Q1 June 2014 over Q1 June 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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