Havells India shares down 0.76% as Nifty gains
Havells India Ltd. traded 0.76 per cent down in Wednesday's trade at 01:49PM (IST).
Around 16,760 shares changed hands on the counter.
The scrip opened at Rs 1413.15 and touched an intraday high and low of Rs 1418.45 and Rs 1374.0, respectively, in the session so far. The stock of Havells India Ltd.
quoted a 52-week high of Rs 1466.0 and a 52-week low of Rs 1092.0.
Total market cap of the Havells India Ltd. stood at Rs 87558.94 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 4898.64 crore for the quarter ended 30-Jun-2023, down 0.15 per cent from previous quarter's Rs 4905.92 crore and down 14.13 per cent from the year-ago quarter's Rs 4292.05 crore.
The net profit for latest quarter stood at Rs 287.07 crore, up 18.06 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 3.47 per cent stake in the firm, while foreign institutional investors held 23.79 per cent and the promoters 59.43 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 78.48 and a price-to-book ratio of 11.24.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Havells India Ltd.
