Havells rises on aiming Rs 1,000 crore sales revenue from Northeast in 2 years

Havells India is currently trading at Rs. 670.30, up by 1.15 points or 0.17% from its previous closing of Rs. 669.15 on the BSE.

The scrip opened at Rs. 670.70 and has touched a high and low of Rs. 674.45 and Rs. 669.00 respectively. So far 4100 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 806.90 on 28-Jun-2019 and a 52 week low of Rs. 549.70 on 19-Oct-2018.

Last one week high and low of the scrip stood at Rs. 674.45 and Rs. 653.70 respectively. The current market cap of the company is Rs. 41875.60 crore.

The promoters holding in the company stood at 59.52%, while Institutions and Non-Institutions held 31.73% and 8.75% respectively.

Havells India is planning to double the manpower at its manufacturing facility in Northeast within two years as it aims to touch Rs 1,000 crore sales revenue from the region. The company currently employs over 750 people, including 530 at the plant, in Northeast.

The company’s Changsari plant in Assam, which manufactures MCBs and switch disconnectors, produces 1.2 crore poles annually against its installed capacity of 3.6 crore.

Havells India is a leading FMEG company (Fast moving electrical goods) with presence across India. Its product range includes Industrial & Domestic Circuit Protection Switchgear, Cables& Wires, Motors, Fans, Power Capacitors, Luminaires for Domestic, Commercial & Industrial applications, Modular Switches etc.

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