Havells India hits fresh record high in weak market, surges 32% in a month

Analysts expect higher growth for the company for the next few quarters due to a low base (lockdown quarters) and effect of price hikes

Havells India shares traded 7 per cent higher to hit a fresh record high of Rs 1,190 on the BSE in an otherwise weak market on Thursday, on expectation of higher growth in the next few quarters due to a low base (lockdown quarters) and effect of price hikes. The fast moving electrical goods company's stock has surpassed its previous high of Rs 1,164, touched on January 22.

In the past one month, Havells India has rallied 32 per cent, after the company reported a strong set of numbers for the quarter ended December 2020 (Q3FY21) with standalone net