Havells India shares rise 0.34 per cent in Wednesday's trading session
Havells India Ltd. rose 0.34 per cent to Rs 1376.75 in Wednesday's trade as of 11:27AM (IST) even as the benchmark Nifty ruled at 21550.8, up 97.7 points.
The scrip had closed at Rs 1372.05 in the previous session.
The stock quoted a 52-week low of Rs 1092.0 and a high of Rs 1466.0. The company quoted a market-cap of Rs 86405.86 crore on the BSE.
On BSE, 28,882 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 73.37 times its trailing 12-month EPS of Rs 18.79 per share and 11.24 times its book value. The return on equity (ROE) stood at Rs 16.18.
Key Financials For the quarter ended 30-Sep-2023, Havells India Ltd.
reported consolidated sales of Rs 3952.81 crore, down 6.17 per cent from the same quarter a year ago. The company reported 33.19 per cent YoY growth in net profit at Rs 249.08 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Wednesday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
