Havells India shares rise 1.56 per cent in Wednesday's trading session
The Relative Strength Index of the stock stood at 51.41 on Wednesday.
Shares of rose 1.56 per cent to Rs 1839.0 in Wednesday's trade as of 10:10AM (IST) even as the benchmark ruled at 24273.15, up 149.31 points.The scrip had closed at Rs 1810.6 in the previous session. The stock quoted a 52-week low of Rs 1233.1 and a high of Rs 1986.55. The company quoted a market-cap of Rs 115228.21 crore on the .
On BSE, 5,816 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 90.68 times its trailing 12-month EPS of Rs 20.28 per share and 12.75 times its book value. The return on equity (ROE) stood at Rs 17.07.
Key Financials
For the quarter ended 31-Mar-2024, reported consolidated sales of Rs 5517.77 crore, up 12.47 per cent from the same quarter a year ago. The company reported 24.76 per cent YoY growth in net profit at Rs 446.7 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
