The Economic Times
English EditionEnglish Editionहिंदी संस्करण
| E-Paper
Search
+

    Share price of Havells India Ltd. jumps as Sensex gains 265.8 points

    Synopsis

    Promoters held 59.5 per cent stake in the company as of 31-Dec-2020, while FII and DII ownership stood at 24.36 per cent and 2.0 per cent, respectively.

    ETMarkets.com

    INSIGHTS

    Read Stock Insights by ET for a quick analysis

    PEER COMPANIES

    Explore Now
    The share price of Ltd. gained 1.79 per cent to Rs 1047.0 at 11:07AM (IST) in Tuesday's trade. The stock has hit a high of Rs 1047.0 and low of Rs 1022.2 so far during the session. The stock had closed at Rs 1028.6 in the previous session.

    The counter has had a total traded volume of 14118 shares so far with a value of Rs 1.46 crore on the NSE. It traded at a price-to-earnings multiple of 71.33 and a price-to-book ratio of 6.96.

    A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

    The scrip gained 122.2 per cent during the past one year, while the 30-share index advanced 71.21 per cent during the same period.

    Havells India Ltd. belongs to the Electronics/Electricals industry.

    Promotor/FII Holding
    Promoters held 59.5 per cent stake in the company as of 31-Dec-2020, while overseas investors and domestic institutional investors ownership stood at 24.36 per cent and 2.0 per cent, respectively.

    Key Financials
    The firm reported consolidated net sales of Rs 3214.24 crore for the quarter ended 31-Dec-2020, up 26.6 per cent from the previous quarter's Rs 2538.99 crore and up 39.85 per cent from the year-ago quarter's Rs 2298.39 crore.

    Profit for the latest quarter stood at Rs 350.14 crore, up 74.01 per cent from the same quarter a year ago.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Read before you invest. Insights on Havells India Ltd.. Explore Now
    The Economic Times

    Stories you might be interested in