Havells India shares up 0.92% as Nifty drops

Havells India shares up 0.92% as Nifty drops
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Synopsis

A total of 18,650 shares changed hands on the counter till 01:29PM (IST).

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India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range.
NEW DELHI: Shares of Havells India Ltd. traded 0.92 per cent up in Thursday's trade at 01:29PM (IST). Around 18,650 shares changed hands on the counter.

The counter opened at Rs 1142.45 and touched an intraday high and low of Rs 1151.7 and Rs 1127.6, respectively, in the session so far. Shares of the company of Havells India Ltd. quoted a 52-week high of Rs 1503.7 and a 52-week low of Rs 958.35.

Total market cap of the Havells India Ltd. stood at Rs 71896.46 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 3713.05 crore for the quarter ended 31-Dec-2021, up 13.5 per cent from previous quarter's Rs 3271.33 crore and up 15.52 per cent from the year-ago quarter's Rs 3214.24 crore.

The net profit for latest quarter stood at Rs 305.82 crore, down 12.66 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2021, DIIs held 2.45 per cent stake in the firm, while foreign institutional investors held 26.51 per cent and the promoters 59.47 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 62.64 and a price-to-book ratio of 12.7. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Havells India Ltd. belongs to the Electronics/Electricals industry.

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