Share price of Havells India falls as Sensex drops 189.13 points

Share price of Havells India Ltd. dropped 0.1 per cent to Rs 1359.0 at 11:49AM (IST) in Thursday's trade. The counter hit a high of Rs 1372.45 and low of Rs 1359.0 so far during the session. The stock had closed at Rs 1360.4 in the previous session.

The counter had a total traded volume of 11:49AM shares so far with a turnover of Rs 0.63 crore on BSE. The stock traded at a price-to-earnings multiple of 79.44 and a price-to-book ratio of 11.24.

A higher P/E 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.