Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 88950.69 Crore) operating in Consumer Durables sector.
Havells India Ltd. key Products/Revenue Segments include Cables, Electrical Consumer Durables, Traded Goods, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2644.17 Crore, down -21.67 % from last quarter Total Income of Rs 3375.87 Crore and up 74.47 % from last year same quarter Total Income of Rs 1515.56 Crore. Company reported net profit after tax of Rs 235.78 Crore in latest quarter.
Investment Rationale
The stock has broken out of a consolidation pattern on good volumes triggering a resumption of the uptrend. Technical indicator RSI has turned upwards after forming a positive reversal suggesting strength in the stock.
Promoter/FII Holdings
Promoters held 59.47 per cent stake in the company as of 30-Jun-2021, while FIIs owned 24.01 per cent, DIIs 8.17 per cent.
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