Business & Investment

Havel’s India Shares: Havel’s India Shares Fall As Nifty Weakens

In a transaction at 1:48 pm (IST) on Thursday, the stock price of the limited liability company fell 0.36% to Rs 1003.6. During the session, the stock price hit a high of Rs 1008.5 and a low of Rs 995.25.

The return on equity (ROE) of the stock was 20.17%. The trading volume at the counter was 01:48 PM shares, and the trading volume at that time was 6.14 rupees. Havells India Ltd. had a 52-week high of Rs 1237.8 and a 52-week low of Rs 542.1.

The beta value of the stock, which measures its volatility in relation to the wider market, was 1.14.

Promoter / FII Holding

As of March 31, 2021, the promoter held a 59.5% stake in the company, foreign investors held a 24.91% stake, and domestic institutional investors held a 2.24% stake.

Major finance

The company reported consolidated sales of Rs 3375.87 for the quarter ended March 31, 2021, up 5.03% from Rs 3214.24 in the previous quarter and up 50.83% from Rs 2238.22 in the year-ago quarter. Net profit after tax for the latest quarter was Rs 30.383 billion, an increase of 70.95% over the same period last year.

technical
MACD showed a bearish bias on the counter. MACD is known for notifying the trend reversal of traded securities or indexes.

This is the difference between the 26th and 12th exponential moving averages. A 9-day exponential moving average, called the signal line, is plotted above the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it signals a bearish signal, indicating that the price of the security may fall or vice versa.

Havel’s India Shares: Havel’s India Shares Fall As Nifty Weakens

https://economictimes.indiatimes.com/markets/stocks/stock-watch/share-price-of-havells-india-falls-as-nifty-weakens/articleshow/83600045.cms Havel’s India Shares: Havel’s India Shares Fall As Nifty Weakens

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