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The Havells India's stock notched a return of 6.40 per cent week-on-week and 36.5 per cent month-on-month closing at Rs 512.75 on Tuesday against Monday's price of Rs 493.15. Traded volumes too improved to 2.54 lakh shares against two-week average of one lakh shares.

The company's strong position in electrical durables and its emphasis on building the Havells brand into one of the key players has been paying rich dividends, say market players. They are also keenly watching its expansion plans. The company is planning to enter into two new segments — electrical motors and power capacitors at a capex of Rs 100 crore. Also, the prices of company's principal inputs — aluminium and copper — have been declining which may pep up its bottomline.

K.S. Badri Narayanan

More Stories on : Stock Markets | Stocks | Electrical Goods | Ear to the ground

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