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Havells India shares down 8.48% as Nifty drops



Ahead of Market: 12 things that will decide stock action on Friday

NEW DELHI: Shares of Ltd. traded 8.48 per cent down in Thursday’s trade at 02:14PM (IST). Around 373,137 shares changed hands on the counter.

The scrip opened at Rs 1361.0 and touched an intraday high and low of Rs 1362.05 and Rs 1264.85, respectively, in the session so far. The stock of Havells India Ltd. quoted a 52-week high of Rs 1503.7 and a 52-week low of Rs 700.15.

As per BSE, the total market cap of the Havells India Ltd. stood at Rs 80611.47 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 2644.17 crore for the quarter ended 30-Jun-2021, down 21.67 per cent from previous quarter’s Rs 3375.87 crore and down 74.47 per cent from the year-ago quarter’s Rs 1515.56 crore.

The net profit for latest quarter stood at Rs 235.78 crore, up 268.52 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Sep-2021, DIIs held 2.51 per cent stake in the firm, while foreign institutional investors held 26.76 per cent and the promoters 59.47 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 66.29 and a price-to-book ratio of 12.7. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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