Havells India regains Rs 50,000 crore m-cap mark as stock hits record high

The company reported a strong 80 per cent YoY growth in its standalone net profit at Rs 325 crore in September quarter

Havells India has regained the Rs 50,000-crore market valuation, after the consumer electronics company's stock rallied 6 per cent to hit a record high of Rs 827.65 on the BSE on Tuesday. The stock has surpassed its previous high of Rs 806.90, touched on June 28, 2019.

At 11:18 am; Havells India was trading 5 per cent higher at Rs 821.55 with its market capitalisation (market-cap) at Rs 51,430 crore on the BSE, exchange data shows. In comparison, the S&P BSE Sensex was up 1 per cent at 40,146 points.

The stock was up for the third straight trading