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Havells India Surges on Expectation New Lamps Will

06:04, 1969-Dec-31 .. 0 comments .. Link
Havells India Surges on Expectation New Lamps Will Boost Sales Havells India Surges on Expectation New Lamps Will Boost Sales Havells India Ltd., #xa maker of power- distribution equipment,Energy saving lamp rose as much as 6.9 percent in Mumbai trading on expectations its new energy-saving lamps will boost sales.

The stock rose 5.2 percent to 566.9 rupees as of 3:04 p.m. local time, poised for its steepest climb in a month.

“Revenue and profitability may jump,” said Viral Shah, #xan analyst at Sushil Financial Consultants Ltd. in Mumbai.

Havells may get 1 billion rupees ($21.6 million) a year from ceramic metal halide lamp sales, joint Managing Director Anil Gupta told CNBC-TV18 in an interview televised today.

The company may post sales of 53.2 billion rupees in the 12 months through March,ATM Parts,#x based on two analysts’ estimates compiled by Bloomberg. Revenue last year was 54.8 billion rupees.Energy saving lamp

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