On Thursday, Havells India Ltd.’s shares dropped slightly by 0.03%, trading at Rs 1679.95 around 12:37 PM (IST). This decrease comes as the Nifty index was up by 301.25 points, reaching 24044.15. The stock had previously closed at Rs 1680.50.
The company’s shares have had quite a range over the past year, hitting a low of Rs 1280.20 and a high of Rs 2104.95. Currently, Havells has a market value of Rs 105,447.79 crore on the Bombay Stock Exchange (BSE). So far, 4,360 shares have been traded today.
At its current price, the stock is trading at 74.75 times its earnings per share (EPS) of Rs 22.50 from the last 12 months. It also has a book value that makes it 12.75 times its current price. The company’s return on equity (ROE) is at 17.07, which is a good sign.
For the three months ending September 30, 2024, Havells reported sales of Rs 4,632.20 crore, which is a 17.19% increase compared to the same quarter last year. They also made a profit of Rs 268.23 crore, showing a 7.69% yearly growth.
In terms of technical analysis, analysts look at something called the Relative Strength Index (RSI) to help gauge the stock’s performance. As of Thursday, the RSI value can give clues on whether the stock is overbought (over 70) or oversold (under 30). However, analysts warn that RSI should not be the only basis for a trading decision, just as no single valuation ratio can be used to recommend buying or selling stocks.
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