The return on equity (ROE) for the stock stood at 17.05 per cent. Traded volume on the counter stood at 11:33AM shares and turnover at Rs 1.46 crore around that time. The stock of Havells India Ltd. quoted a 52-week high price of Rs 1237.8 and 52-week low prices of Rs 447.2, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.14.
Promotor/FII Holding
Promoters held 59.5 per cent stake in the company as of 31-Mar-2021, while FIIs held 24.91 per cent and domestic institutional investors had 2.24 per cent.
Key Financials
The company reported consolidated sales of Rs 3214.24 crore for the quarter ended 31-Dec-2020, up 26.6 per cent from previous quarter’s Rs 2538.99 crore and up 39.85 per cent from the year-ago quarter’s Rs 2298.39 crore. Net profit after tax for the latest quarter stood at Rs 350.14 crore, up 74.01 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
