Havells India shares gain 0.95% as Sensex rises

Shares of Havells India Ltd. traded 0.95 per cent higher in Friday's session at 11:21AM (IST). The stock opened at Rs 1201.8 and has touched an intraday high and low of Rs 1218.0 and Rs 1201.8, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1503.7 and a 52-week low of 958.35. About 6,700 shares changed hands on the counter so far.

Benchmark Nifty50 was up 14.25 points at 17574.45, while the BSE Sensex traded 33.11 points higher at 58821.13 at the time of writing of this report.

In the Nifty pack, 25 stocks traded the day in the green, while 25 were in the red.


Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 3713.05 crore, up 13.5 per cent from the previous quarter's Rs 3271.33 crore and up 15.52 per cent from the year-ago quarter. The company reported net profit of Rs 305.82 crore for the latest quarter.

Promoter Holdings
Promoters held 59.47 per cent stake in the company as of 31-Dec-2021, while FIIs held 26.51 per cent and MFs 2.45 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1228.46 on February 04, while the 50-DMA was at Rs 1328.56. 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.