Havells India shares up 1.85% as Nifty gains

Havells India shares up 1.85% as Nifty gains
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Synopsis

A total of 12,726 shares changed hands on the counter till 10:40AM (IST).

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Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
NEW DELHI: Shares of . traded 1.85 per cent up in Tuesday's trade at 10:40AM (IST). Around 12,726 shares changed hands on the counter.

The scrip opened at Rs 1236.3 and touched an intraday high and low of Rs 1256.5 and Rs 1234.75, 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 1037.8.

As per BSE, the total market cap of the Havells India Ltd. stood at Rs 78441.94 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 4292.05 crore for the quarter ended 30-Jun-2022, down 3.99 per cent from previous quarter's Rs 4470.37 crore and down 62.32 per cent from the year-ago quarter's Rs 2644.17 crore.

The net profit for latest quarter stood at Rs 243.16 crore, up 3.13 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, domestic institutional investors held 4.21 per cent stake in the firm, while foreign institutional investors held 23.1 per cent and the promoters 59.45 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 65.16 and a price-to-book ratio of 12.04. 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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