Havells India shares up 0.76% as Nifty gains
A total of 4,320 shares changed hands on the counter till 11:52AM (IST).
NEW DELHI: Shares of traded 0.76 per cent up in Thursday's trade at 11:52AM (IST). Around 4,320 shares changed hands on the counter.The counter opened at Rs 1494.35 and touched an intraday high and low of Rs 1501.5 and Rs 1481.0, respectively, in the session so far. The stock of quoted a 52-week high of Rs 1590.9 and a 52-week low of Rs 1128.1.
Total market cap of the . stood at Rs 93908.45 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 4469.75 crore for the quarter ended 31-Dec-2023, up 13.08 per cent from previous quarter's Rs 3952.81 crore and up 7.26 per cent from the year-ago quarter's Rs 4167.21 crore.
The net profit for latest quarter stood at Rs 287.91 crore, up 1.55 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 3.81 per cent stake in the company, while foreign institutional investors held 23.96 per cent and the promoters 59.43 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 79.44 and a price-to-book ratio of 11.24. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
. belongs to the Electronics/Electricals industry.
Source: Stocks-Markets-Economic Times
