Havells India stock price down 1.04 per cent as Sensex climbs

As per data available on BSE, total traded quantity on the counter stood at 13,236 shares with a turnover of Rs 1.83 crore till 01:26PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 71.01, while the price-to-book value ratio stood at 12.7.

Return on equity (ROE) was at 20.17 per cent, according to exchange data. The stock hit an intraday high of Rs 1405.0 and a low of Rs 1366.85 during the session and quoted a 52-week high price of Rs 1481.4 and a 52-week low of Rs 672.4.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.14.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 1114.4 on October 08, while the 50-DMA was at Rs 1326.9. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 51.43. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2021, promoters held 59.47 per cent stake in the company, while foreign institutional investors held 24.01 per cent and domestic institutional investors had 8.17 per cent.