Share price of Havells India rises as Nifty weakens
Havells India Ltd. gained 1.37 per cent to Rs 1307.7 in Friday's trade as of 10:10AM (IST). The stock hit a high price of Rs 1307.7 and low of Rs 1281.25 during the session.
The return on equity (ROE) for the stock stood at 16.18 per cent. Traded volume on the counter stood at 10:10AM shares and turnover at Rs 2461.0 crore around that time. The stock of Havells India Ltd.
quoted a 52-week high price of Rs 1408.0 and 52-week low prices of Rs 1092.0, respectively. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.14.Promotor/FII Holding Promoters held 59.43 per cent stake in the company as of 30-Jun-2023, while FIIs held 23.78 per cent and domestic institutional investors had 3.47 per cent.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 previous quarter's Rs 4905.92 crore and down 14.13 per cent from the year-ago quarter's Rs 4292.05 crore. Net profit after tax for the latest quarter stood at Rs 287.07 crore, up 18.06 per cent from the same quarter a year ago.Technicals The MACD signalled a bearish bias on the counter.
The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect «buy» or «sell» opportunities.
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