Havells India gains on launching consumer durable brand `Lloyd` in Middle East Market
Havells India is currently trading at Rs. 1288.90, up by 8.35 points or 0.65% from its previous closing of Rs. 1280.55 on the BSE.
The scrip opened at Rs. 1298.95 and has touched a high and low of Rs. 1298.95 and Rs. 1285.05 respectively. So far 3894 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1466.00 on 11-Sep-2023 and a 52 week low of Rs. 1092.00 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 1314.95 and Rs. 1279.15 respectively. The current market cap of the company is Rs. 80702.22 crore.
The promoters holding in the company stood at 59.43%, while Institutions and Non-Institutions held 33.67% and 6.90% respectively.
Havells India has launched ‘Lloyd’, its leading Consumer Durable brand in the Middle East Market. Lloyd's focus in the Middle East encompasses a range of technologically advanced and energy-efficient products. The launch portfolio includes a premium range of ACs (Fixed speed, Inverter, and Hot & Cold), front-load and semi-automatic washing machines, frost-free and side-by-side refrigerators, and LED TV range. These offerings are meticulously designed to meet the diverse needs of consumers, seamlessly blending innovation with functionality.
Lloyd has partnered with TeknoDome, a distribution conglomerate headquartered in Dubai, for the desired coverage and reach in the Middle East region. This expansion marks a significant milestone for Havells, fortifying Lloyd's presence beyond the confines of India.
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
