Havells India surges on plan of expanding its business prospects

Havells India is currently trading at Rs 361.00, up by 5.85 points or 1.65% from its previous closing of Rs 355.15 on the BSE.
The scrip opened at Rs 359.00 and has touched a high and low of Rs 365.50 and Rs 359.00 respectively. So far 14789 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 446.50 on 05-Oct-2010 and a 52 week low of Rs 264.38 on 09-Jun-2010.
Last one week high and low of the scrip stood at Rs 377.00 and Rs 353.50 respectively. The current market cap of the company is Rs 4511.86 crore.
The promoters holding in the company stood at 61.56% while Institutions and Non-Institutions held 18.69% and 19.75% respectively. In a bid to expand its business prospects, Electrical components maker Havells India has opened its new European headquarters in London. The company is very bullish about the future prospects of business and focusing on energy efficiency products.
The company has four plants in Europe - one in the UK, one in Belgium, one in France, one in Germany, two in Latin America and nine in India and in the last one year, the company has hired 60 to 70 people in sales. It has 1,850 employees in Europe, including 300 in the UK.
Earlier, the European headquarters of the company was in Germany, but it has been shifted to London, where a lot of innovation is being done.
Havells India reported a net profit of Rs 61.12 crore for the quarter ended December 31, 2010 as compared to Rs 58.93 crore for the quarter ended December 31, 2009, up 3.72%. Its total income increased by 23.10% to Rs 728.01 crore for the quarter ended December 31, 2010 from Rs 591.40 crore for the quarter ended December 31, 2009.