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    Havells India shares rise 5.62 per cent in Thursday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 79.97 on Thursday.

    Reuters
    Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
    Shares of Ltd. rose 5.62 per cent to Rs 1165.45 in Thursday's trade as of 10:55AM (IST) even as the benchmark Nifty ruled at 15808.45, up 176.35 points.

    The scrip had closed at Rs 1103.4 in the previous session. The stock quoted a 52-week low of Rs 568.4 and a high of Rs 1237.8. The company quoted a market-cap of Rs 73061.38 crore on the BSE.

    On BSE, 470,912 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 60.08 times its trailing 12-month EPS of Rs 19.42 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 week on a 10-point scale.

    View Latest Stock Report »

    Key Financials
    For the quarter ended 30-Jun-2021, Havells India Ltd. reported consolidated sales of Rs 2644.17 crore, down 74.47 per cent from the same quarter a year ago. The company reported 268.52 per cent YoY growth in net profit at Rs 235.78 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Thursday. 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.
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