Havells India shares up 1.29% as Nifty gains
Havells India Ltd. traded 1.29 per cent up in Monday's trade at 10:25AM (IST). Around 26,357 shares changed hands on the counter.
The counter opened at Rs 1564.95 and touched an intraday high and low of Rs 1583.1 and Rs 1553.9, respectively, in the session so far. The stock of Havells India Ltd. quoted a 52-week high of Rs 1590.9 and a 52-week low of Rs 1158.5.
As per BSE, the total market cap of the Havells India Ltd. stood at Rs 98433.1 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 4469.75 crore for the quarter ended 31-Dec-2023, up 13.08 per cent from previous quarter's Rs 3952.81 crore and up 7.26 per cent from the year-ago quarter's Rs 4167.21 crore.
The net profit for latest quarter stood at Rs 287.91 crore, up 1.55 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Dec-2023, DIIs held 3.81 per cent stake in the company, while foreign institutional investors held 23.96 per cent and the promoters 59.43 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 83.27 and a price-to-book ratio of 11.24. 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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