Havells India shares rise 0.09 per cent in Tuesday's trading session

Havells India shares rise 0.09 per cent in Tuesday's trading session
ETMarkets.com
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Synopsis

The Relative Strength Index of the stock stood at 48.43 on Tuesday.

ETMarkets.com
Shares of Ltd. rose 0.09 per cent to Rs 1326.65 in Tuesday's trade as of 11:11AM (IST) even as the benchmark Nifty ruled at 18033.95, down 34.6 points.

The scrip had closed at Rs 1325.4 in the previous session. The stock quoted a 52-week low of Rs 796.6 and a high of Rs 1503.7. The company quoted a market-cap of Rs 83163.65 crore on the BSE.

On BSE, 16,031 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 69.76 times its trailing 12-month EPS of Rs 19.03 per share and 12.7 times its book value. The return on equity (ROE) stood at Rs 20.17.

Key Financials
For the quarter ended 30-Sep-2021, Havells India Ltd. reported consolidated sales of Rs 3271.33 crore, up 28.84 per cent from the same quarter a year ago. The company reported 7.34 per cent YoY de-growth in net profit at Rs 302.39 crore for the latest quarter.

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