Share price of Havells India jumps as Sensex drops 75.96 points

Share price of Havells India Ltd. gained 0.63 per cent to Rs 1362.4 at 11:11AM (IST) in Thursday's trade. The stock hit a high of Rs 1366.0 and low of Rs 1350.3 so far during the session. The stock had closed at Rs 1353.85 in the previous session.

The counter had a total traded volume of 11:11AM shares so far with a turnover of Rs 8522.0 crore on BSE. The stock traded at a price-to-earnings multiple of 76.57 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 59.43 per cent stake in the company as of 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 23.79 per cent and 9.68 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 4898.64 crore for the quarter ended 30-Jun-2023, down 0.15 per cent from the previous quarter's Rs 4905.92 crore and down 14.13 per cent from the year-ago quarter's Rs 4292.05 crore.

Its profit for the latest quarter stood at Rs 287.07 crore, up 18.06 per cent from the same quarter a year ago.