Share price of Havells India jumps as Sensex gains 220.43 points
Havells India Ltd. gained 0.38 per cent to Rs 1314.25 at 12:33PM (IST) in Monday's trade.
The stock hit a high of Rs 1317.0 and low of Rs 1304.6 so far during the session. The stock had closed at Rs 1309.15 in the previous session.
The counter had a total traded volume of 12:33PM shares so far with a turnover of Rs 143.0 crore on BSE.
The stock traded at a price-to-earnings multiple of 73.98 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-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 23.79 per cent and 9.68 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 4898.64 crore for the quarter ended 30-Jun-2023, down 0.15 per cent from the previous quarter's Rs 4905.92 crore and down 14.13 per cent from the year-ago quarter's Rs 4292.05 crore.
Its profit for the latest quarter stood at Rs 287.07 crore, up 18.06 per cent from the same quarter a year ago.
