Buy Havells India, target price Rs 1198: ICICI Securities

Buy Havells India, target price Rs 1198: ICICI Securities
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Synopsis

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 63042.64 Crore) operating in Consumer Durables sector.

Agencies
Promoters held 59.5 per cent stake in the company as of March 31, 2021, while FIIs held 25.1 per cent, DIIs 7.7 and public and others 7.7 per cent.
ICICI Securities has buy call on with a target price of Rs 1198. The current market price of Havells India Ltd. is Rs 1006.

Time period given by analyst is one year when Havells India Ltd. price can reach defined target. Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 63042.64 Crore) operating in Consumer Durables sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3375.87 Crore, up 5.03 % from last quarter Total Income of Rs 3214.24 Crore and up 50.83 % from last year same quarter Total Income of Rs 2238.22 Crore. Company reported net profit after tax of Rs 303.83 Crore in latest quarter.

Did you Know?

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

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Promoter/FII Holdings
Promoters held 59.5 per cent stake in the company as of March 31, 2021, while FIIs held 25.1 per cent, DIIs 7.7 and public and others 7.7 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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