Havells India shares drop 1.17% as Sensex falls

Havells India shares drop 1.17% as Sensex falls
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

A total of 8,259 shares changed hands on the counter till 11:46AM (IST)

Getty Images
India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
Shares of Havells India Ltd. traded 1.17 per cent down at Rs 1259.5 at 11:46AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 401.1 points to 58563.47. The stock had closed at Rs 1274.45 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 1503.7 and Rs 958.35, respectively.

As per BSE data, total traded volume on the counter till 11:46AM (IST) stood at 11:46AM shares with turnover at Rs 1.04 crore.

At the current price, shares of the company trades at 68.76 times its trailing 12-month EPS of Rs 18.33 per share and 12.7 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.14.

Shareholding Details
Promoters held 59.47 per cent stake in the company as of 31-Dec-2021, while FIIs owned 26.51 per cent and DIIs 6.26 per cent.

Pick the best companies to invest

BECOME AN ETPRIME MEMBER

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by