Havells India shares up 1.19% as Sensex rises
Havells India Ltd. gained 1.19 per cent to Rs 1306.5 in Monday's session as of 12:02PM (IST) even as the equity benchmark Sensex traded 978.46 points higher at 71679.13.
Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 1471.75 and a 52-week low of Rs 1128.1 on NSE. Around 9208 shares changed hands on the counter till 12:02PM (IST).
The stock opened at Rs 1299.75 and has touched an intraday high and low of Rs 1310.0 and Rs 1290.05 during the session so far.
The stock quoted a price-to-earnings (PE) ratio of 69.27, earnings per share (EPS) of Rs 18.86 and price to book value (PB) of 11.24, while the return on equity (ROE) stood at Rs 16.18.
Promoter/ FII Holding
The promoters held 59.43 per cent stake in the company as of January 29, while FII and MF ownerships stood at 23.96 per cent and 3.81 per cent, respectively.
Key Financials With a market capitalisation of Rs 81879.27 crore, the company operates in the Electronics/Electricals industry.
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 4469.75 crore, up 13.08 per cent from the previous quarter?s Rs 3952.81 crore and up 7.26 per cent from the same quarter a year ago. The company reported net profit of Rs 287.91 crore for the latest quarter, up 1.55 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 36.05.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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,
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