Shares of Havells India fall as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 1353.05.
Shares of slipped 2.41 per cent to Rs 1465.35 in Tuesday's trade as of 02:05PM (IST). It hit a high of Rs 1505.65 and low of Rs 1457.0 during the session.The stock quoted a 52-week high price of Rs 1590.9 and a low of Rs 1128.1. The return on equity for the stock stood at 16.18 per cent. About 8,007 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.14.
The scrip has been an underperformer, up 22.92 per cent in the past one year in comparison with a 23.63 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1128.1 on March 19, while the 50-DMA was at Rs 1418.12. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 59.43 per cent stake in as of 31-Dec-2023. Mutual funds and foreign institutional investors held 3.81 per cent and 23.96 per cent stake.
Source: Stocks-Markets-Economic Times