Havells India stock price up 0.37 per cent as Sensex slides

Havells India stock price up 0.37 per cent as Sensex slides
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Synopsis

As of 31-Mar-2021, promoters held 59.5 per cent stake in the company, while FIIs held 24.91 per cent and domestic institutional investors had 2.24 per cent.

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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.
Shares of Ltd. rose 0.37 per cent to Rs 1002.8 at 12:24PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 26,839 shares with a turnover of Rs 2.68 crore till 12:24PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 60.03, while the price-to-book value ratio stood at 12.7.

Return on equity (ROE) was at 20.17 per cent, according to exchange data. The stock hit an intraday high of Rs 1010.0 and a low of Rs 993.65 during the session and quoted a 52-week high price of Rs 1237.8 and a 52-week low of Rs 562.4.

Did you Know?

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

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The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.14.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 933.33 on June 23, while the 50-DMA was at Rs 1017.47. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 44.57. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2021, promoters held 59.5 per cent stake in the company, while FIIs held 24.91 per cent and domestic institutional investors had 7.89 per cent.

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