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    Share price of Havells India falls as Sensex drops 2.37 points

    Synopsis

    A total of 4,716 shares changed hands on the counter till 12:09PM (IST)

    tech view 2Shutterstock.com
    RSI has turned north from the 60 level, confirming bullishness.
    Share price of Havells India Ltd. dropped 0.42 per cent to Rs 1348.25 at 12:09PM (IST) in Friday's trade. The scrip hit a high of Rs 1390.0 and low of Rs 1347.0 so far during the session. The stock had closed at Rs 1353.95 in the previous session.

    The counter had a total traded volume of 12:09PM shares so far with a turnover of Rs 0.64 crore on BSE. The stock traded at a price-to-earnings multiple of 78.77 and a price-to-book ratio of 11.24.

    A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The 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.

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

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

    Its profit 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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