Havells rises on launching innovative switchgear products in Eastern region

Havells India is currently trading at Rs. 302.40, up by 2.75 points or 0.92% from its previous closing of Rs. 299.65 on the BSE.

The scrip opened at Rs. 301.00 and has touched a high and low of Rs. 303.50 and Rs. 299.25 respectively. So far 26392 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 346.15 on 10-Dec-2014 and a 52 week low of Rs. 227.60 on 04-Aug-2014.

Last one week high and low of the scrip stood at Rs. 304.80 and Rs. 295.05 respectively. The current market cap of the company is Rs. 18887.53 crore.

The promoters holding in the company stood at 61.63% while Institutions and Non-Institutions held 28.74% and 9.63% respectively.

In a bid to further strengthen its presence in Eastern region, Havells India has launched innovative switchgear products like distribution boards and Circuit Breakers (MCB/RCCB). For the first time in the industry, the company has launched a premium range of distribution boards that matches with modern day decor and aesthetics. The new range of premium distribution boards offers unique metallic finish and colours for modern homes. It also comes with magnetic locks, sleek curves, scratch resistant glossy surface with metallic paints and designer handles. Initially, the range will be available in metallic silverish grey/golden sparkle and sparkling white colors, leather and wooden finish. The new range will be priced between Rs 1300 to Rs 10,000. The company will soon launch a range of super-premium Distribution Boards with wood, marble and leather finish.

The new range of Circuit Breakers, christened as Euro-II is the first ever 100% 'Made in India' MCB/RCCB from company's portfolio as these are designed and developed by the R&D team of Havells in India. The new range will be produced at its state of the art Switchgear plant in Baddi, Himachal Pradesh. These Circuit Breakers not only provide protection against overload, short circuit and electric shock (earth leakage) but are also designed to be one Of the most user friendly Circuit Breakers available in the country. Euro II series also offers a unique design of Bi-stable mounting clip and safety terminals to eliminate the human error by electricians.

Havells India is a leading FMEG Company with a strong global footprint. It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Pumps, Fans, Modular Switches, Home Appliances, Electric Water Heaters, Power Capacitors, CFL Lamps etc.