Havells India Ltd. declines 3.88% as Sensex slides

Shares of Ltd. traded at Rs 1017.6 on BSE at 01:22PM (IST) on Monday, down 3.88 per cent from previous close.

The scrip quoted a 52-week low price of Rs 447.2 and a high of Rs 1237.8.

Earlier, shares of the company saw a opening in the morning.

A total of 50,509 lakh shares changed hands on the counter till 01:22PM (IST).

The stock of Havells India Ltd. commanded a market value of Rs 63715.6 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 69.39, while the price-to-book value ratio stood at 6.96. Return on equity (ROE) was at 17.05 per cent, according to exchange data.

In the BSE500 pack, 77 stocks traded in the green, while 423 stocks were in the red.

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

Promotor/FII Holding

Promoters held 59.5 per cent in Havells India Ltd. as of 31-Dec-2020 while foreign and domestic institutional investors owned 24.36 per cent and 2.0 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 819.6 on April 05, while the 50-DMA was at 1107.63. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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