Electrical consumer goods company Havells India has been growing at a healthy clip with its consolidated net sales rising 33% to Rs.81.38 billion in FY18. The momentum continued in the first quarter of FY19 with sales growing 39% to Rs.25.96 billion. Not surprising that despite the BSE Midcap Index coming off 12% since the beginning of this year, the stock has gained nearly 11%. A large part of the outperformance was post the Q1 results, with the stock surging 10% to hit its 52-week high of Rs.630 from Rs.572 on July 23.
All Lit Up
As Havells stock price hits an all-time high, CFO Rajesh Kumar Gupta makes the most of the rally
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