Havells India share price slipped 9 percent intraday on October 21, a day after the consumer electrical goods maker blazoned its September quarter results.
Havells India on Wednesday reported a7.34 percent decline in its consolidated net profit at Rs302.39 crore for the quarter ended on September 30, 2021 compared to Rs326.36 crore in the time-ago quarter.
Its profit from operations rose by31.65 percent to Rs crore during the period under review as against Rs crore in the matching period of the last financial.
Havells total charges were at Rs crore, up35.60 percent at Q2/ FY 2021-22 as against Rs crore.
Profit from the switchgears member was Rs448.17 crore, up21.03 percent as against Rs370.27 crore in the July-September quarter a time ago.
Yes Securities anticipate stock to continue trading at decoration valuations as it has been suitable to surpass prospects indeed in a delicate terrain and has been suitable to manage its profitability much better than peers.
The broking establishment expects earnings upgrades as the company continues to deliver strong growth in grueling times and continues to remain positive on with steal standing and target price of Rs.
At 0956 hrs Havells India was quoting at Rs, down Rs115.35, or8.21 percent on the BSE.
The share touched a 52-week high of Rs and a 52-week low of Rs700.15 on October 18, 2021 and October 20, 2020, independently.
Presently, it’s trading14.21 percent below its 52-week high and84.25 percent above its 52-week low.
