Havells India shares gain 0.22% as Sensex rises

Havells India shares gain 0.22% as Sensex rises
ETMarkets.com
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Synopsis

A total of 10,647 shares changed hands on the counter till 01:04PM (IST)

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
Shares of . traded 0.22 per cent up at Rs 1384.9 at 01:04PM (IST) on Monday, even as BSE benchmark Sensex gained 461.34 points to 59264.67. The stock had settled at Rs 1381.85 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 1503.7 and Rs 1037.8, respectively.

As per BSE data, total traded volume on the counter till 01:04PM (IST) stood at 01:04PM shares with turnover at Rs 1.47 crore.

At the current price, the stock trades at 71.76 times its trailing 12-month EPS of Rs 19.22 per share and 12.04 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 59.45 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.1 per cent and DIIs 8.96 per cent.
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