Havells India stock price up 0.44 per cent as Sensex climbs

Shares of Havells India Ltd. rose 0.44 per cent to Rs 1287.7 at 01:03PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 9,532 shares with a turnover of Rs 1.22 crore till 01:03PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 70.43, while the price-to-book value ratio stood at 12.7.

Return on equity (ROE) was at 20.17 per cent, according to exchange data. The stock hit an intraday high of Rs 1293.0 and a low of Rs 1278.0 during the session and quoted a 52-week high price of Rs 1503.7 and a 52-week low of Rs 958.35.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 1267.68 on April 20, while the 50-DMA was at Rs 1177.02. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 69.43. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2022, promoters held 59.47 per cent stake in the company, while foreign institutional investors held 24.44 per cent and domestic institutional investors had 8.15 per cent.