Consumer Durables News

Havells India share price: Sell Havells India, target price Rs 1056: ICICI Direct

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ICICI Direct has sell call on Havells India with a target price of Rs 1056. The current market price of . is Rs 1063.7. Time period given by analyst is intraday when Ltd. price can reach defined target.

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 66842.19 Crore) operating in Consumer Durables sector.

Havells India Ltd. key Products/Revenue Segments include Cables, Electrical Consumer Durables, Others, Domestic Switchgears, Light Fittings & Fixture, Export Incentives for the year ending 31-Mar-2022.

Financials

For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 4470.37 Crore, up 20.40 % from last quarter Total Income of Rs 3713.05 Crore and up 32.42 % from last year same quarter Total Income of Rs 3375.87 Crore. Company reported net profit after tax of Rs 352.48 Crore in latest quarter.

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Investment Rationale
Price reacting lower after facing resistance at 20 day EMA and close below recent intermediate lows, suggest further downsides

Promoter/FII Holdings
Promoters held 59.47 per cent stake in the company as of 31-Mar-2022, while FIIs owned 24.44 per cent, DIIs 8.15 per cent.

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