Share price of Havells India jumps as Sensex gains 362.31 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 gained 0.22 per cent to Rs 1460.0 at 01:24PM (IST) in Wednesday's trade. The counter has hit a high of Rs 1471.05 and low of Rs 1435.05 so far during the session. The stock had closed at Rs 1456.65 in the previous session.The counter has had a total traded volume of 10055 shares so far with a value of Rs 1.45 crore on the . It traded at a price-to-earnings multiple of 77.06 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 24.54 per cent during the past one year, while the 30-share index advanced 24.29 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 FIIs and domestic institutional investors ownership stood at 23.96 per cent and 3.81 per cent, respectively.
Key Financials
The company reported consolidated net 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
