Share price of Havells India falls as Sensex gains 206.56 points
Promoters held 59.43 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 23.96 per cent and 3.81 per cent, respectively.
The share price of dropped 0.13 per cent to Rs 1483.0 at 12:59PM (IST) in Friday's trade. The counter has hit a high of Rs 1494.25 and low of Rs 1472.5 so far during the session. The stock had closed at Rs 1485.0 in the previous session.The counter has had a total traded volume of 3731 shares so far with a value of Rs 0.56 crore on the . It traded at a price-to-earnings multiple of 78.78 and a price-to-book ratio of 11.24.
A higher price-to-earnings ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 24.34 per cent during the past one year, while the 30-share index advanced 25.09 per cent during the same period.
belongs to the Electronics/Electricals industry.
Promotor/FII Holding
Promoters held 59.43 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 23.96 per cent and 3.81 per cent, respectively.
Key Financials
The firm reported consolidated sales of Rs 4469.75 crore for the quarter ended 31-Dec-2023, up 13.08 per cent from the previous quarter's Rs 3952.81 crore and up 7.26 per cent from the year-ago quarter's Rs 4167.21 crore.
Profit for the latest quarter stood at Rs 287.91 crore, up 1.55 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
