Havells India shares gain 1.29% as Sensex rises
Havells India Ltd. traded 1.29 per cent higher in Thursday's session at 12:38PM (IST). The stock opened at Rs 1251.35 and has touched an intraday high and low of Rs 1261.0 and Rs 1241.6, respectively, during the session so far.
The stock quoted a 52-week high of Rs 1466.0 and a 52-week low of 1092.0. About 5,944 shares changed hands on the counter so far.
Benchmark Nifty50 was up 96.45 points at 19085.6, while the BSE Sensex traded 297.0 points higher at 63888.33 at the time of writing of this report.
In the Nifty pack, 44 stocks traded the day in the green, while 6 were in the red.
Key Financials For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 3952.81 crore, down 19.31 per cent from the previous quarter's Rs 4898.64 crore and down 6.17 per cent from the year-ago quarter. The company reported net profit of Rs 249.08 crore for the latest quarter.
Promoter Holdings Promoters held 59.43 per cent stake in the company as of 30-Sep-2023, while FIIs held 24.19 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 1278.88 on November 02, while the 50-DMA was at Rs 1361.67. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
