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    Havells India shares up 1.45% as Nifty gains

    Synopsis

    A total of 50,012 shares changed hands on the counter till 12:00PM (IST).

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    In effect, financial markets are betting that there is some reasonable approximation of normal on some foreseeable horizon.

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    NEW DELHI: Shares of Ltd. traded 1.45 per cent up in Friday's trade at 12:00PM (IST). Around 50,012 shares changed hands on the counter.

    The stock opened at Rs 1001.0 and touched an intraday high and low of Rs 1023.65 and Rs 1001.0, respectively, in the session so far. The stock of Havells India Ltd. quoted a 52-week high of Rs 1237.8 and a 52-week low of Rs 447.2.

    Total market cap of the Havells India Ltd. stood at Rs 64050.52 crore at the time of writing this report.

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

    The net profit for latest quarter stood at Rs 350.14 crore, up 74.01 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 31-Mar-2021, domestic institutional investors held 2.24 per cent stake in the firm, while foreign institutional investors held 24.91 per cent and the promoters 59.5 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 69.76 and a price-to-book ratio of 6.96. 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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