Havells India surges after strong Q2 results

Havells India jumped 5.52% to Rs 738.40 at 12:21 IST on BSE after net profit surged 44.55% to Rs 125.72 crore on 22.31% growth in total income to Rs 1181.76 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced during trading hours today, 30 October 2013.

Meanwhile, the S&P BSE Sensex was up 48.91 points or 0.23% at 20,977.92.

On BSE, 2.27 lakh shares were traded in the counter as against average daily volume of 46,150 shares in the past one quarter.

The stock hit a high of Rs 762.40 and a low of Rs 703 so far during the day. The stock had hit a record high of Rs 817 on 18 July 2013. The stock had hit a 52-week low of Rs 556.80 on 28 March 2013.

The stock had outperformed the market over the past one month till 29 October 2013, surging 10.49% compared with the Sensex's 6.09% rise. The scrip had, however, underperformed the market in past one quarter, declining 7.39% as against Sensex's 6.82% rise.

The mid-cap company has 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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