Shares of Havells India rise as Nifty drops

economictimes.indiatimes.com:

Havells India Ltd. gained 0.12 per cent to Rs 1801.8 in Monday's trade as of 10:30AM (IST). It hit a high of Rs 1821.0 and low of Rs 1786.15 during the session.
The stock quoted a 52-week high price of Rs 1986.55 and a low of Rs 1233.1. The return on equity for the stock stood at 17.07 per cent. About 3,502 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.14.
The scrip has been an outperformer, up 38.56 per cent in the past one year in comparison with a 20.76 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1233.1 on August 12, while the 50-DMA was at Rs 1844.02. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 59.41 per cent stake in Havells India Ltd. as of 30-Jun-2024. Mutual funds and foreign institutional investors held 3.81 per cent and 25.33 per cent stake.