Shares of Havells India fall as Nifty gains

Shares of Havells India fall as Nifty gains
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Synopsis

On the technical charts, the 200-day moving average of the stock stood at Rs 1246.27.

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India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
Shares of Havells India Ltd. slipped 0.59 per cent to Rs 1086.8 in Monday's trade as of 12:23PM (IST). It hit a high of Rs 1101.6 and low of Rs 1075.3 during the session.

The stock quoted a 52-week high price of Rs 1503.7 and a low of Rs 958.35. The return on equity for the stock stood at 20.17 per cent. About 27,545 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.14.

The scrip has been an underperformer, down 1.71 per cent in the past one year in comparison with a 14.09 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 958.35 on March 14, while the 50-DMA was at Rs 1223.95. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 59.47 per cent stake in Havells India Ltd. as of 31-Dec-2021. Mutual funds and foreign institutional investors held 2.45 per cent and 26.51 per cent stake.

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