Havells India Ltd.’s shares went up by 0.85% to Rs 1620.95 around noon (12:27 PM IST) on Wednesday. In the previous session, the stock closed at Rs 1634.90. At the same time, the Sensex, a popular market index, dropped by 604.66 points and was at 77594.45.
Over the last year, Havells’ stock has increased by 17.84%. In comparison, the Sensex rose by 10.05% during the same period. The highest price for Havells in the last year was Rs 2104.95, while the lowest was Rs 1280.20.
Currently, 34,479 shares are being traded. The stock has a price-to-earnings ratio of 72.00, an earnings per share (EPS) of 22.50, and a price-to-book value of 12.75.
In the Nifty50 group, only 8 stocks were doing well, while 42 were not. As of September 30, 2024, promoters (owners) hold 59.41% of Havells, with 24.75% owned by foreign investors and 3.94% by mutual funds.
In the latest financial quarter ending September 30, 2024, Havells reported sales of Rs 4632.20 crore, down 21.27% from the previous quarter’s Rs 5883.54 crore, but up 17.19% compared to Rs 3952.81 crore a year ago. They made a profit of Rs 268.23 crore in this quarter.
However, some signs suggest the stock might not go up soon. The MACD (Moving Average Convergence Divergence), a tool traders use to spot trends, is showing a bearish signal. This means that prices could go down in the near future.
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