Havells India shares gain 1.09% as Sensex rises
Havells India Ltd. traded 1.09 per cent higher in Friday's session at 10:35AM (IST).
The stock opened at Rs 1298.0 and has touched an intraday high and low of Rs 1324.0 and Rs 1298.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 1408.0 and a 52-week low of 1092.0.
About 6,787 shares changed hands on the counter so far. Benchmark Nifty50 was up 76.05 points at 19457.7, while the BSE Sensex traded 229.6 points higher at 65470.28 at the time of writing of this report.
In the Nifty pack, 37 stocks traded the day in the green, while 13 were in the red.Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 4898.64 crore, down 0.15 per cent from the previous quarter's Rs 4905.92 crore and down 14.13 per cent from the year-ago quarter. The company reported net profit of Rs 287.07 crore for the latest quarter.Promoter Holdings Promoters held 59.43 per cent stake in the company as of 30-Jun-2023, while FIIs held 23.79 per cent and MFs 3.47 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1231.61 on August 04, while the 50-DMA was at Rs 1315.61.
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.
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