Share price of Havells India falls as Sensex drops 54.44 points
Havells India Ltd. dropped 0.02 per cent to Rs 1285.15 at 11:06AM (IST) in Wednesday's trade. The stock hit a high of Rs 1301.65 and low of Rs 1282.0 so far during the session.
The stock had closed at Rs 1285.5 in the previous session.
The counter had a total traded volume of 11:06AM shares so far with a turnover of Rs 1.82 crore on BSE. The stock traded at a price-to-earnings multiple of 68.54 and a price-to-book ratio of 11.24.
A higher price-to-earnings 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.
belongs to the Electronics/Electricals industry.
Promotor/FII Holding Promoters held 59.43 per cent stake in the company as of 30-Sep-2023, while foreign investors and domestic institutional investors ownership stood at 24.19 per cent and 9.38 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 3952.81 crore for the quarter ended 30-Sep-2023, down 19.31 per cent from the previous quarter's Rs 4898.64 crore and down 6.17 per cent from the year-ago quarter's Rs 3723.26 crore.
