Share price of Havells India falls as Sensex drops 343.51 points
Havells India Ltd. dropped 0.07 per cent to Rs 1299.6 at 01:35PM (IST) in Thursday's trade. The stock hit a high of Rs 1308.95 and low of Rs 1293.2 so far during the session.
The stock had closed at Rs 1300.45 in the previous session. The counter had a total traded volume of 01:35PM shares so far with a turnover of Rs 206.0 crore on BSE. The stock traded at a price-to-earnings multiple of 73.11 and a price-to-book ratio of 11.24.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The 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.
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