Havells India shares gain 0.87% as Sensex rises

economictimes.indiatimes.com:

Havells India Ltd. traded 0.87 per cent higher in Tuesday's session at 01:19PM (IST). The stock opened at Rs 1761.25 and has touched an intraday high and low of Rs 1810.75 and Rs 1761.25, respectively, during the session so far.
The stock quoted a 52-week high of Rs 1986.55 and a 52-week low of 1233.1. About 7,677 shares changed hands on the counter so far.

Benchmark Nifty50 was up 118.5 points at 24174.1, while the BSE Sensex traded 391.69 points higher at 79151.09 at the time of writing of this report.
In the Nifty pack, 41 stocks traded the day in the green, while 9 were in the red.

Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 5883.54 crore, up 6.63 per cent from the previous quarter's Rs 5517.77 crore and up 20.11 per cent from the year-ago quarter. The company reported net profit of Rs 407.9 crore for the latest quarter.
Promoter Holdings Promoters held 59.41 per cent stake in the company as of 30-Jun-2024, while FIIs held 25.33 per cent and MFs 3.81 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1539.42 on August 06, while the 50-DMA was at Rs 1850.59. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.