Share price of Havells India falls as Sensex drops 3.48 points
Havells India Ltd. dropped 0.57 per cent to Rs 1286.25 at 12:53PM (IST) in Tuesday's trade. The scrip has hit a high of Rs 1293.85 and low of Rs 1284.0 so far during the session.
The stock had closed at Rs 1293.6 in the previous session.
The counter has had a total traded volume of 5494 shares so far with a value of Rs 0.71 crore on the NSE. It traded at a price-to-earnings multiple of 68.44 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 5.3 per cent during the past one year, while the 30-share index advanced 6.98 per cent during the same period.
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 FIIs and domestic institutional investors ownership stood at 24.19 per cent and 3.47 per cent, respectively.
