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    Havells India share price up 0.21 per cent

    Synopsis

    A total of 15,775 shares changed hands on the counter till 11:53AM (IST).

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    Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
    Shares of Ltd. traded 0.21 per cent up at Rs 1291.3 at around 11:53AM (IST) on Tuesday. The stock had closed at Rs 1288.65 in the previous session. Equity benchmark Sensex traded 9.81 points higher at 60148.27 around the same time.


    The scrip has climbed 77.18 per cent in the last one year till date, while the 30-share index has gained 48.2 per cent during the same period.

    The stock's 52-week high price stood at Rs 1503.7 and the 52-week low price at Rs 726.0.

    Trading volume on the counter stood at 15,775 shares, while it quoted a price-to-earnings ratio of 67.82, an EPS value of 19.03 and a price-to-book value of 12.7. In the Nifty50 pack, 26 stocks traded in the green, while 23 stocks were in the red.

    Promoter/FII Holding
    Promoters held 59.47 per cent stake in the company as of 30-Sep-2021, while FII and mutual funds' ownership stood at 26.76 per cent and 2.51 per cent, respectively.

    Key Financials
    For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 3271.33 crore, up 23.72 per cent from the previous quarter's Rs 2644.17 crore and up 28.84 per cent from the year-ago quarter's Rs 2538.99 crore. The company reported net profit of Rs 302.39 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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