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Buy Havells India, target Rs 525: Kunal Bothra

ETMarkets.com|
Oct 05, 2017, 08.43 AM IST
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Independent analyst Kunal Bothra has a buy call on Havells India with a target price of Rs 525.

The current market price of Havells India is Rs 505.20.

Time period given by the analyst is intraday when Havells India price can reach defined target.

Kunal Bothra recommended to keep a stop loss at Rs 495.

Havells India, incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 31,582.50 Crore) operating in Electric Equipment sector.

Havells India key Products/Revenue Segments include Cables which contributed Rs 2675.61 Crore to Sales Value (40.62 per cent of Total Sales), Domestic Switchgears which contributed Rs 1467.68 Crore to Sales Value (22.28 per cent of Total Sales), Electrical Consumer Durables which contributed Rs 1419.87 Crore to Sales Value (21.55 per cent of Total Sales), Light Fittings & Fixture which contributed Rs 894.47 Crore to Sales Value (13.58 per cent of Total Sales), Others which contributed Rs 128.33 Crore to Sales Value (1.94 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 1860.54 Crore, up 8.79 per cent from last quarter Sales of Rs 1710.20 Crore and up 26.84 per cent from last year same quarter Sales of Rs 1466.81 Crore.

Company has reported net profit after tax of Rs 121.38 Crore in latest quarter.

The company's top management includes Dr.Adarsh Kishore, Mr.Ameet Kumar Gupta, Mr.Anil Rai Gupta, Mr.Jalaj Ashwin Dani, Mr.Puneet Bhatia, Mr.Rajesh Kumar Gupta, Mr.Surender Kumar Tuteja, Mr.Surjit Kumar Gupta, Mr.T V Mohandas Pai, Mr.Vellayan Subbiah, Mr.Vijay Kumar Chopra, Mrs.Pratima Ram.

Company has V R Bansal & Associates as its auditors.

As on 31-03-2017, the company has a total of 624,855,342 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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