Havells India shares rise 0.16 per cent in Friday's trading session

Havells India shares rise 0.16 per cent in Friday's trading session
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

The Relative Strength Index of the stock stood at 41.47 on Friday.

Shutterstock.com
India is hardly immune to the global trend of sliding fees and trading commissions.
Shares of Ltd. rose 0.16 per cent to Rs 992.7 in Friday's trade as of 01:05PM (IST) even as the benchmark Nifty ruled at 15855.95, up 65.5 points.

The scrip had closed at Rs 991.15 in the previous session. The stock quoted a 52-week low of Rs 562.4 and a high of Rs 1237.8. The company quoted a market-cap of Rs 62044.15 crore on the BSE.

On BSE, 15,897 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 59.41 times its trailing 12-month EPS of Rs 16.68 per share and 12.7 times its book value. The return on equity (ROE) stood at Rs 20.17.

Did you Know?

Stock score of Havells India Ltd moved up by 1 in a month on a 10-point scale.

View Latest Stock Report »

Key Financials
For the quarter ended 31-Mar-2021, Havells India Ltd. reported consolidated sales of Rs 3375.87 crore, up 50.83 per cent from the same quarter a year ago. The company reported 70.95 per cent YoY growth in net profit at Rs 303.83 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.

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