Havells India fell 3.61% to Rs 284.65 at 11:30 IST on BSE on profit booking after the stock surged 18.45% in the preceding two trading sessions to Rs 295.30 on 27 August 2014, from a recent low of Rs 249.31 on 25 August 2014.
Meanwhile, the BSE Sensex was up 73.31 points, or 0.28%, to 26,633.46.
On BSE, so far 2.84 lakh shares were traded in the counter, compared with an average volume of 77,535 shares in the past one quarter.
The stock hit a high of Rs 299.70 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 281.35 so far during the day. The stock hit a 52-week low of Rs 117.20 on 29 August 2013.
The stock had outperformed the market over the past one month till 27 August 2014, rising 19.36% compared with 1.66% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 52.92% as against Sensex's 8.19% rise.
The large-cap company has an equity capital of Rs 62.41 crore. Face value per share is Rs 1.
Havells India split each equity share of face value Rs 5 each into five equity shares of Re 1 each, with trading starting as of Tuesday, 26 August 2014.
Havells India's net profit rose 13.32% to Rs 107.27 crore on 22.18% increase in total income to Rs 1288.41 crore in Q1 June 2014 over Q1 June 2013.
Havells India is one of the largest electrical and power distribution equipment manufacturer, with products ranging from industrial and domestic circuit protection switchgear, cables & wires, motors, fans, power capacitors, CFL lamps, luminaires for domestic, commercial and industrial applications, modular switches, water heaters and domestic appliances covering the entire gamut of household, commercial and industrial electrical needs.
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