Strong beat in Q3 brightens up Havells' prospects, revenue at all-time high

The recent surge in stock prices factors in key positives; await better entry point, advise analysts

Topics
HAVELLS | Havells India | Markets

Yash Upadhyaya 

Shares of Havells India jumped more than 12 per cent intraday on Thursday to hit a fresh record high of Rs 1,144 after the consumer durable products maker's results for the quarter ended December 2020 (Q3) beat analysts’ estimates by a mile. The stock ended flat on Friday even as the benchmark Sensex was down 1.5 per cent.

While demand was anticipated to be healthy aided by festive season sales and revival in footfalls, top line growth was far higher than estimates. Revenue was up as much as 39 per cent year-on-year to all-time high of Rs 3,165 crore in the October-December ...

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First Published: Fri, January 22 2021. 17:59 IST
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