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    Share price of Havells India rises as Nifty strengthens

    Synopsis

    A total of 6,212 shares changed hands on the counter till 10:51AM (IST).

    stock-market-5---GettyGetty Images
    Shares of Havells India Ltd. gained 0.91 per cent to Rs 1261.15 in Wednesday's trade as of 10:51AM (IST).

    The stock hit a high price of Rs 1262.0 and low of Rs 1241.35 during the session.

    The return on equity (ROE) for the stock stood at 16.17 per cent. Traded volume on the counter stood at 10:51AM shares and turnover at Rs 0.78 crore around that time.

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

    The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.14.

    Promotor/FII Holding
    Promoters held 59.45 per cent stake in the company as of 31-Mar-2023, while overseas investors held 23.11 per cent and domestic institutional investors had 10.14 per cent.

    Key Financials
    The company reported consolidated sales of Rs 4905.92 crore for the quarter ended 31-Mar-2023, up 17.73 per cent from previous quarter's Rs 4167.21 crore and up 9.74 per cent from the year-ago quarter's Rs 4470.37 crore.

    Net profit after tax for the latest quarter stood at Rs 358.04 crore, up 1.58 per cent from the same quarter a year ago.
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