)
Shares in Havells India have dipped for third day in a row, down 5.5% to Rs 267 on BSE, after media report suggests that the company’s management has cut its FY15 guidance.
The stock opened at Rs 282 and touched a low of Rs 263 on BSE. In past three trading sessions, the stock has fallen 20% from Rs 333. It touched a record high of Rs 347 on December 10.
The counter has seen huge trading activity with a combined 22.5 million shares representing 3.6% of the total equity of Havells India changed hands till 1431 hours on NSE and BSE.
Meanwhile, in a clarification on the news report, the company informed the BSE that, the company, from time to time, keeps attending such investors’ meets as are organized by recognized market intermediaries wherein discussions about the macro-environment of the economy are made in general and the ground situation assessed.
Any discussion or information about the company is in line with publicly available material. The company has not given out any formal guidance, it added.
The stock opened at Rs 282 and touched a low of Rs 263 on BSE. In past three trading sessions, the stock has fallen 20% from Rs 333. It touched a record high of Rs 347 on December 10.
The counter has seen huge trading activity with a combined 22.5 million shares representing 3.6% of the total equity of Havells India changed hands till 1431 hours on NSE and BSE.
Meanwhile, in a clarification on the news report, the company informed the BSE that, the company, from time to time, keeps attending such investors’ meets as are organized by recognized market intermediaries wherein discussions about the macro-environment of the economy are made in general and the ground situation assessed.
Any discussion or information about the company is in line with publicly available material. The company has not given out any formal guidance, it added.
