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Havells India gains 3% on hopes of improvement in operational performance

The stock is trading close to its 52-week high level of Rs 717, touched on November 8, 2019

Havells manufacturing facility in Baddi, Himachal Pradesh
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SI Reporter Mumbai
Shares of Havells India rose as much as 3.4 per cent to Rs 710.50 on the BSE on Friday on expectation of margin improvement in the July-September quarter (Q2FY21). The stock of the consumer durable company is trading close to its 52-week high level of Rs 717, touched on November 8, 2019.

In the past five days, the stock has rallied 7 per cent, after the company said it has decided to shift its switchgears production capacity from Guwahati location to its existing facilities at Baddi location in order to have benefits of synergy. Last month, on September 24,