Market

Havells India shares down 0.84% as Nifty falls

Shares of Ltd. rose 0.84 per cent to Rs 1023.9 in Wednesday’s trade. It hit an intraday high of Rs 1034.0 and low of Rs 1020.8, respectively, during the day.

The stock quoted a 52-week high price of Rs 1237.8 and low of Rs 562.4.

As of 02:51PM (IST), the counter saw total traded volume of 33,002 shares with a traded value of Rs 3.38 crore, according to NSE.

The stock had closed at Rs 1032.55 in the previous session.

The scrip has advanced 0.43 per cent in the past one month till date, while the benchmark BSE Sensex has gained 0.86 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 61.36 while price-to-book ratio stood at 12.7. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Electronics/Electricals industry.

Promoter/FII Holding
Promoters held 59.5 per cent stake in the company as of 31-Mar-2021, while FII and MF ownership in the firm stood at 24.91 per cent and 2.24 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3375.87 crore for the quarter ended 31-Mar-2021, up 5.03 per cent from the previous quarter’s Rs 3214.24 crore and up 50.83 per cent from the year-ago quarter’s Rs 2238.22 crore. Its net profit for the latest quarter stood at Rs 303.83 crore, up 70.95 per cent from the same quarter a year ago.

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