Havells India shares down 0.79% as Nifty gains

Shares of Ltd. rose 0.79 per cent to Rs 1407.1 in Wednesday’s trade. It hit an intraday high of Rs 1441.0 and low of Rs 1403.4, respectively, during the day.

The stock quoted a 52-week high price of Rs 1481.4 and low of Rs 680.0.

As of 01:00PM (IST), the counter saw total traded volume of 38,061 shares with a traded value of Rs 5.39 crore, according to NSE.



The stock had closed at Rs 1418.35 in the previous session.

The scrip has declined -2.83 per cent in the past one month till date, while the benchmark BSE Sensex has gained 8.24 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 72.48 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 59.47 per cent stake in the company as of 30-Jun-2021, while FII and MF ownership in the firm stood at 24.01 per cent and 2.93 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 2644.17 crore for the quarter ended 30-Jun-2021, down 21.67 per cent from the previous quarter’s Rs 3375.87 crore and down 74.47 per cent from the year-ago quarter’s Rs 1515.56 crore. Its net profit for the latest quarter stood at Rs 235.78 crore, up 268.52 per cent from the same quarter a year ago.

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