The share price of Havells India Ltd. experienced a decline of 1.42 percent, reaching Rs 1272.4 at 01:59 PM (IST) on Thursday. This drop in share price coincided with the overall rise in the Sensex by 441.0 points. The stock had previously closed at Rs 1290.65.
During the trading session, Havells India Ltd. recorded a high of Rs 1296.7 and a low of Rs 1268.0. The total traded volume for the stock stood at 24,188 shares by 01:59 PM (IST), with a turnover of Rs 309.0 crore on the BSE. The stock was trading at a price-to-earnings multiple of 74.45 and a price-to-book ratio of 11.24.
A higher price-to-earnings ratio indicates that investors are willing to pay more for each rupee of earnings, signaling higher growth expectations in the future. On the other hand, the price-to-book value reflects the value that investors are willing to pay even if there is no growth in the business.
As of March 31, 2023, the promoters held a 59.45 percent stake in Havells India Ltd., while foreign institutional investors (FIIs) and domestic institutional investors held 23.11 percent and 10.14 percent stakes, respectively.
In terms of financials, Havells India Ltd. reported consolidated net sales of Rs 4905.92 crore for the quarter ended March 31, 2023. This represented a 17.73 percent increase from the previous quarter’s net sales of Rs 4167.21 crore and a 9.74 percent increase from the net sales of Rs 4470.37 crore in the same quarter last year. The company’s profit for the latest quarter stood at Rs 358.04 crore, reflecting a 1.58 percent increase compared to the corresponding quarter of the previous year.
Havells India Ltd. operates in the Electronics/Electricals industry.
