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    Buy Havells India, target price Rs 1650: ICICI Securities

    Synopsis

    Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 87319.17 Crore) operating in Consumer Durables sector.

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    Promoters held 59.47 per cent stake in the company as of 30-Sep-2021, while FIIs owned 26.76 per cent, DIIs 6.12 per cent.
    ICICI Securities has buy call on with a target price of Rs 1650. The current market price of Havells India is Rs 1391.55.

    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 87319.17 Crore) operating in Consumer Durables sector.

    Havells India Ltd. key Products/Revenue Segments include Cables, Electrical Consumer Durables, Traded Goods, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 3271.33 Crore, up 23.72 % from last quarter Total Income of Rs 2644.17 Crore and up 28.84 % from last year same quarter Total Income of Rs 2538.99 Crore. Company reported net profit after tax of Rs 302.39 Crore in latest quarter.


    Promoter/FII Holdings
    Promoters held 59.47 per cent stake in the company as of 30-Sep-2021, while FIIs owned 26.76 per cent, DIIs 6.12 per cent.
    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

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