Share price of Havells India jumps as Sensex drops 166.82 points

Share price of Havells India Ltd. gained 0.76 per cent to Rs 1265.35 at 12:17PM (IST) in Wednesday's trade. The stock hit a high of Rs 1268.05 and low of Rs 1248.1 so far during the session. The stock had closed at Rs 1255.85 in the previous session.

The counter had a total traded volume of 12:17PM shares so far with a turnover of Rs 2.09 crore on BSE. The stock traded at a price-to-earnings multiple of 69.01 and a price-to-book ratio of 12.7.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 59.47 per cent stake in the company as of 31-Dec-2021, while foreign investors and domestic institutional investors ownership stood at 26.51 per cent and 6.26 per cent, respectively.

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 the previous quarter's Rs 3271.33 crore and up 15.52 per cent from the year-ago quarter's Rs 3214.24 crore.

Its profit for the latest quarter stood at Rs 305.82 crore, down 12.66 per cent from the same quarter a year ago.