Share price of Havells India falls as Sensex drops 303.58 points

Stock market update: Mining stocks  down  as market  falls

Share price of . dropped 0.6 per cent to Rs 1370.0 at 11:47AM (IST) in Wednesday’s trade. The counter hit a high of Rs 1388.0 and low of Rs 1368.7 so far during the session. The stock had closed at Rs 1378.3 in the previous session.

The counter had a total traded volume of 11:47AM shares so far with a turnover of Rs 0.64 crore on BSE. The stock traded at a price-to-earnings multiple of 71.35 and a price-to-book ratio of 12.04.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Havells India Ltd. belongs to the Electronics/Electricals industry.

Promotor/FII Holding

Promoters held 59.45 per cent stake in the company as of 30-Jun-2022, while FIIs and domestic institutional investors ownership stood at 23.1 per cent and 8.96 per cent, respectively.

Key Financials

The company reported consolidated net sales of Rs 4292.05 crore for the quarter ended 30-Jun-2022, down 3.99 per cent from the previous quarter’s Rs 4470.37 crore and down 62.32 per cent from the year-ago quarter’s Rs 2644.17 crore.

Its profit for the latest quarter stood at Rs 243.16 crore, up 3.13 per cent from the same quarter a year ago.

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