Kotak Securities Limited has buy call on with a target price of Rs 1480. The current market price of Havells India Ltd. is Rs 1414.
Time period given by analyst is Intra Day when Havells India Ltd. price can reach defined target.
Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 88183.47 Crore) operating in Consumer Durables sector.
Havells India Ltd. key Products/Revenue Segments include Cables, Electrical Consumer Durables, Traded Goods, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2644.17 Crore, down -21.67 % from last quarter Total Income of Rs 3375.87 Crore and up 74.47 % from last year same quarter Total Income of Rs 1515.56 Crore. Company reported net profit after tax of Rs 235.78 Crore in latest quarter.
Investment Rationale
Higher High and Higher Low in a rising channel on intraday charts with decent volumes.
Promoter/FII Holdings
Promoters held 59.5 per cent stake in the company as of March 31, 2021, while FIIs held 25.1 per cent, DIIs 7.7 and public and others 7.7 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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