Share price of Havells India falls as Sensex gains 441.0 points
Havells India Ltd. dropped 1.42 per cent to Rs 1272.4 at 01:59PM (IST) in Thursday's trade.
The counter hit a high of Rs 1296.7 and low of Rs 1268.0 so far during the session. The stock had closed at Rs 1290.65 in the previous session.
The counter had a total traded volume of 01:59PM shares so far with a turnover of Rs 309.0 crore on BSE. The stock traded at a price-to-earnings multiple of 74.45 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.
belongs to the Electronics/Electricals industry.Promotor/FII Holding Promoters held 59.45 per cent stake in the company as of 31-Mar-2023, while FIIs and domestic institutional investors ownership stood at 23.11 per cent and 10.14 per cent, respectively.Key Financials The firm reported consolidated net sales of Rs 4905.92 crore for the quarter ended 31-Mar-2023, up 17.73 per cent from the previous quarter's Rs 4167.21 crore and up 9.74 per cent from the year-ago quarter's Rs 4470.37 crore. Its profit for the latest quarter stood at Rs 358.04 crore, up 1.58 per cent from the same quarter a year ago.
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