Havells India rises 0.29% as Sensex climbs

Havells India rises 0.29% as Sensex climbs
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Synopsis

The stock traded at a P/E multiple of 72.41, while the price-to-book value ratio stood at 12.04.

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Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
Shares of . traded at Rs 1258.05 on BSE at 11:31AM (IST) on Thursday, up 0.29 per cent from previous close.

The stock quoted a 52-week low price of Rs 1037.8 and a high of Rs 1429.65.

Earlier, shares of the company saw a opening in the morning.

A total of 16,476 lakh shares changed hands on the counter till 11:31AM (IST).

The stock of Havells India Ltd. commanded a market value of Rs 78811.58 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 72.41, while the price-to-book value ratio stood at 12.04. Return on equity (ROE) was at 19.93 per cent, according to exchange data.

In the BSE500 pack, 338 stocks traded in the green, while 162 stocks were in the red.

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

Promotor/FII Holding
Promoters held 59.45 per cent in Havells India Ltd. as of 30-Sep-2022 while overseas and domestic institutional investors owned 23.1 per cent and 4.21 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 1229.35 on December 01, while the 50-DMA was at 1255.17. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
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