Share price of Havells India falls as Sensex gains 213.66 points

Share price of Havells India falls as Sensex gains 213.66 points
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Synopsis

Promoters held 59.5 per cent stake in the company as of 31-Mar-2021, while FII and DII ownership stood at 24.91 per cent and 2.24 per cent, respectively.

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The share price of Ltd. dropped 0.2 per cent to Rs 1004.5 at 12:51PM (IST) in Friday's trade. The stock has hit a high of Rs 1019.0 and low of Rs 999.4 so far during the session. The stock had closed at Rs 1006.55 in the previous session.

The counter has had a total traded volume of 16051 shares so far with a value of Rs 1.61 crore on the NSE. It traded at a price-to-earnings multiple of 68.39 and a price-to-book ratio of 6.96.

A higher price-to-earnings 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 106.23 per cent during the past one year, while the 30-share index advanced 45.8 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-Mar-2021, while FIIs and domestic institutional investors ownership stood at 24.91 per cent and 2.24 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.

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