India, June 3 -- Building products and consumer appliances stock gained attention after the company announced a strategic restructuring of its water heater business. Hindware Home Innovation Limited has approved a Rs. 15 crore investment in Hintastica Private Limited through a rights issue and will simultaneously acquire the remaining 50 percent stake held by its joint venture partner, Atlantic Societe Francaise de Developpement Thermique, France.

Hindware Home has a total market capitalization of approximately Rs. 1,893.17 crore, according to NSE data. Hindware Home shares were trading at Rs. 226.33 apiece on the National Stock Exchange, down by 0.76 percent; the stock's 52 week high was Rs. 392.70 and 52 week low was Rs. 170.50.

As p...