Havells India tumbles amid volatility after Q1 results

Havells India tumbled 8.11% to Rs 694.30 at 12:37 IST on BSE after net profit rose 18.2% to Rs 94.66 crore on 1.82% growth in total income to Rs 1054.50 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced during trading hours today, 30 July 2013.

Meanwhile, the S&P BSE Sensex was down 111.28 points or 0.57% at 19,482.

On BSE, 1.16 lakh shares were traded in the counter as against average daily volume of 1.06 lakh shares in the past one quarter.

The stock was volatile. The stock tumbled as much as 10.62% at the day's low of Rs 675.25 so far during the day. The stock rose as much as 1.64% at the day's high of Rs 768 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 528.10 on 28 August 2012.

The stock had outperformed the market over the past one month till 29 July 2013, rising 2.75% compared with the Sensex's 1.02% gain. The scrip had also outperformed the market in past one quarter, surging 15.07% as against Sensex's 1.06% rise.

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

Havells India has invested Rs 19.70 crore in its wholly owned subsidiary Havells Holdings in 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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