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    Havells India shares down 1.11% as Nifty gains

    Synopsis

    A total of 42,221 shares changed hands on the counter till 12:29PM (IST).

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    India 10-year bond yield declined 0.40 per cent to 5.98 after trading in 5.98 -6.04 range.
    NEW DELHI: Shares of Ltd. traded 1.11 per cent down in Tuesday's trade at 12:29PM (IST). Around 42,221 shares changed hands on the counter.

    The counter opened at Rs 1270.0 and touched an intraday high and low of Rs 1279.7 and Rs 1245.8, respectively, in the session so far. Shares of the company of Havells India Ltd. quoted a 52-week high of Rs 1288.9 and a 52-week low of Rs 609.1.

    Total market cap of the Havells India Ltd. stood at Rs 78143.83 crore at the time of writing this report.

    Did you Know?

    Stock score of Havells India Ltd moved up by 4 in 3 months on a 10-point scale.

    View Latest Stock Report »

    Key Financials
    The company reported consolidated net sales of Rs 2644.17 crore for the quarter ended 30-Jun-2021, down 21.67 per cent from previous quarter's Rs 3375.87 crore and down 74.47 per cent from the year-ago quarter's Rs 1515.56 crore.

    The net profit for latest quarter stood at Rs 235.78 crore, up 268.52 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 30-Jun-2021, domestic institutional investors held 2.93 per cent stake in the firm, while foreign institutional investors held 24.01 per cent and the promoters 59.47 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 64.26 and a price-to-book ratio of 12.7. 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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