Havells India shares drop 1.32% as Sensex falls

Shares of Ltd. traded 1.32 per cent lower in Thursday's session at 01:56PM (IST). The stock opened at Rs 1399.85 and has touched an intraday high and low of Rs 1399.85 and Rs 1371.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1503.7 and a 52-week low of 912.0. About 18,420 shares changed hands on the counter so far.

Benchmark Nifty50 was down 199.05 points at 17726.20, while the BSE Sensex traded 689.44 points lower at 59533.71 at the time of writing of this report.

In the Nifty pack, 13 stocks traded the day in the green, while 37 were in the red.


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. The company reported net profit of Rs 302.39 crore for the latest quarter.

Promoter Holdings
Promoters held 59.47 per cent stake in the company as of 30-Sep-2021, while FIIs held 26.76 per cent and MFs 2.51 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1205.66 on January 06, while the 50-DMA was at Rs 1358.23. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.