Havells India share price: Havells India stock price up 1.31 per cent as Sensex climbs

Shares of Ltd. rose 1.31 per cent to Rs 1247.9 at 10:20AM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 14,576 shares with a turnover of Rs 1.81 crore till 10:20AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 64.14, while the price-to-book value ratio stood at 12.7.

Return on equity (ROE) was at 20.17 per cent, according to exchange data. The stock hit an intraday high of Rs 1248.05 and a low of Rs 1222.4 during the session and quoted a 52-week high price of Rs 1258.9 and a 52-week low of Rs 600.8.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.14.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 1010.47 on August 13, while the 50-DMA was at Rs 1081.47. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 75.03. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2021, promoters held 59.47 per cent stake in the company, while overseas investors held 24.01 per cent and domestic institutional investors had 8.17 per cent.

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