Havells India shares drop 3.09% as Sensex rises
Havells India Ltd. traded 3.09 per cent down at Rs 1997.45 at 01:59PM (IST) on Thursday, even as BSE benchmark Sensex gained 253.0 points to 85422.87.
The stock had settled at Rs 2061.15 in the previous session. The stock quoted a 52-week high price of Rs 2104.95 and 52-week low of Rs 1233.1, respectively. As per BSE data, total traded volume on the counter till 01:59PM (IST) stood at 13708 shares with a turnover of Rs 2.77 crore.
At the prevailing price, shares of the company traded at 90.01 times its trailing 12-month earnings per share of Rs 22.2 per share and 12.75 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.14.
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