Havells India Ltd to expand product portfolio

Havells India Limited is planning to expand its existing product portfolio with the introduction of Kitchen Appliances such as Cooktops, Hobs, Chimneys and other built-in appliances, into it. The new venture is expected to bring benefits of synergies of business with its existing range of small domestic appliances.

The Company aims to be one of the top 3 (three) market players over a period of next 3 years from the start of operations. The entire range of products will be outsourced and serve the domestic market. The expected date of launch of the above category of products is May 2024.

Shares of Havells India Limited was last trading in BSE at Rs. 1540.85 as compared to the previous close of Rs. 1552.30. The total number of shares traded during the day was 14287 in over 980 trades.

The stock hit an intraday high of Rs. 1559.30 and intraday low of 1525.70. The net turnover during the day was Rs. 21987652.00.

Source : Equity Bulls

Keywords

HavellsIndia INE176B01034 ProductPortfolio KitchenAppliances Expansion