The company stock surged 12.18 per cent to Rs 279.70 - 52-week high - on the BSE as against 249.31 (adjusted basis). The stock had closed at Rs 1,246.55 (pre-split) yesterday.
Havells had announced a stock split in the ratio of 5:1, that is every share with face value Rs 5 will be split into 5 shares of Re 1 each.
The company had in a filing to the BSE on August 11 said it has fixed August 27, 2014 as record date for the purpose of sub-division of equity shares of Rs 5 per share of the company into 5 shares of Re 1 each. However, the split has taken effect today itself.
In the broader market, the BSE benchmark Sensex was trading 45.92 points lower at 26,391.10 at 1230 hrs.
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