Havells India shares gain 1.99% as Sensex falls
Havells India Ltd. traded 1.99 per cent up at Rs 1344.75 at 10:41AM (IST) on Wednesday, even as BSE benchmark Sensex dropped 42.38 points to 65177.65.
The scrip had closed at Rs 1318.45 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 1408.0 and Rs 1092.0, respectively.
As per BSE data, total traded volume on the counter till 10:41AM (IST) stood at 10:41AM shares with turnover at Rs 150.0 crore.
At the current price, the stock trades at 75.53 times its trailing 12-month earnings per share of Rs 17.8 per share and 11.24 times its price-to-book value, the exchange 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 is the measure of the price that investors are ready to pay even for no growth in the business.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.14.
Shareholding Details Promoters held 59.43 per cent stake in the company as of 30-Jun-2023, while FIIs owned 23.79 per cent and DIIs 9.68 per cent.
