Consumer Durables News

Havells share price: Buy Havells India, target price Rs 1460: Yes Securities

Yes Securities has buy call on with a target price of Rs 1460. The current market price of . is Rs 1308.7. Time period given by analyst is Intra Day when Havells India 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 82066.29 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.


For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 4292.05 Crore, down -3.99 % from last quarter Total Income of Rs 4470.37 Crore and up 62.32 % from last year same quarter Total Income of Rs 2644.17 Crore. Company reported net profit after tax of Rs 243.16 Crore in latest quarter.

Investment Rationale
Multiple positive patterns are at play on P&F chart (bear trap reversal &bullish turtle).

Promoter/FII Holdings
Promoters held 59.45 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.1 per cent, DIIs 8.96 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Source link

Leave a Comment