Havells India shares up 0.87% as Nifty gains

Havells India shares up 0.87% as Nifty gains
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

A total of 9,780 shares changed hands on the counter till 11:07AM (IST).

ETMarkets.com

INSIGHTS

Read Stock Insights by ET for a quick analysis

PEER COMPANIES

Explore Now
NEW DELHI: Shares of Ltd. traded 0.87 per cent up in Tuesday's trade at 11:07AM (IST). Around 9,780 shares changed hands on the counter.

The scrip opened at Rs 999.0 and touched an intraday high and low of Rs 1010.35 and Rs 999.0, respectively, in the session so far. Shares of the company of Havells India Ltd. quoted a 52-week high of Rs 1237.8 and a 52-week low of Rs 447.2.

As per BSE, the total market cap of the Havells India Ltd. stood at Rs 63111.5 crore at the time of writing this report.

Key Financials
The company reported consolidated net 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 corresponding quarter last year.

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 68.73 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.

Read More News on

(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.

ETPrime stories of the day

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