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    Havells India shares drop 1.69% as Sensex falls

    Synopsis

    A total of 4,250 shares changed hands on the counter till 12:41PM (IST)

    Stock-market-4---istockAgencies
    Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
    Shares of Havells India Ltd. traded 1.69 per cent down at Rs 1269.0 at 12:41PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 443.05 points to 61489.42. The scrip had settled at Rs 1290.8 in the previous session.

    The stock quoted a 52-week high and 52-week low of Rs 1405.85 and Rs 1058.7, respectively.

    As per BSE data, total traded volume on the counter till 12:41PM (IST) stood at 12:41PM shares with turnover at Rs 0.54 crore.

    At the current price, shares of the company trades at 74.17 times its trailing 12-month EPS of Rs 17.11 per share and 11.24 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 31-Mar-2023, while FIIs owned 23.11 per cent and DIIs 10.14 per cent.
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