Share price of Havells India jumps as Sensex gains 241.65 points

The share price of Havells India Ltd. gained 0.39 per cent to Rs 1669.35 at 11:06AM (IST) in Thursday's trade. The scrip has hit a high of Rs 1706.7 and low of Rs 1664.3 so far during the session. The stock had closed at Rs 1662.85 in the previous session.

The counter has had a total traded volume of 76080 shares so far with a value of Rs 12.82 crore on the NSE. It traded at a price-to-earnings multiple of 83.44 and a price-to-book ratio of 12.75.

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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 36.18 per cent during the past one year, while the 30-share index advanced 24.89 per cent during the same period.

Havells India Ltd. belongs to the Electronics/Electricals industry.

Promotor/FII Holding
Promoters held 59.43 per cent stake in the company as of 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 24.83 per cent and 3.57 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 5517.77 crore for the quarter ended 31-Mar-2024, up 23.45 per cent from the previous quarter's Rs 4469.75 crore and up 12.47 per cent from the year-ago quarter's Rs 4905.92 crore.

Profit for the latest quarter stood at Rs 446.7 crore, up 24.76 per cent from the same quarter a year ago.