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    Havells India shares down 1.53% as Nifty drops

    Synopsis

    A total of 76,341 shares changed hands on the counter till 02:04PM (IST).

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    Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.
    NEW DELHI: Shares of Ltd. traded 1.53 per cent down in Friday's trade at 02:04PM (IST). Around 76,341 shares changed hands on the counter.

    The counter opened at Rs 1080.0 and touched an intraday high and low of Rs 1084.25 and Rs 1054.8, 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 526.35.

    As per BSE, the total market cap of the Havells India Ltd. stood at Rs 66103.84 crore at the time of writing this report.

    Did you Know?

    Stock score of Havells India Ltd moved up by 1 in a week.

    View Latest Stock Report  »

    Key Financials
    The company reported consolidated sales of Rs 3375.87 crore for the quarter ended 31-Mar-2021, up 5.03 per cent from previous quarter's Rs 3214.24 crore and up 50.83 per cent from the year-ago quarter's Rs 2238.22 crore.

    The net profit for latest quarter stood at Rs 303.83 crore, up 70.95 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 63.3 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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