Havells India shares up 0.73% as Nifty gains
Havells India Ltd. traded 0.73 per cent up in Monday's trade at 11:41AM (IST). Around 6,298 shares changed hands on the counter.
The counter opened at Rs 1894.95 and touched an intraday high and low of Rs 1910.2 and Rs 1878.8, respectively, in the session so far. Shares of the company of Havells India Ltd. quoted a 52-week high of Rs 1986.55 and a 52-week low of Rs 1233.1.
Total market cap of the Havells India Ltd. stood at Rs 119302.7 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 5883.54 crore for the quarter ended 30-Jun-2024, up 6.63 per cent from previous quarter's Rs 5517.77 crore and up 20.11 per cent from the year-ago quarter's Rs 4898.64 crore.
The net profit for latest quarter stood at Rs 407.9 crore, up 42.09 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2024, DIIs held 3.81 per cent stake in the company, while foreign institutional investors held 25.33 per cent and the promoters 59.41 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 85.73 and a price-to-book ratio of 12.75. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Havells India Ltd. belongs to the Electronics/Electricals industry.
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