Havells India share price: Havells India shares rise 3.28% as Nifty gains

Shares of Havells India Ltd. traded down 3.28% at Rs 1173.0 around 10:00 a.m. (IST) on Thursday, while the benchmark BSE Sensex index advanced 918.36 points to 57735.01.

As many as 18,276 shares changed hands on the counter with a total value of Rs 2.12 crore.

The stock quoted a 52-week high of Rs 1503.7 and a 52-week low of Rs 958.35.

On the technical charts, the stock’s 200-DMA stood at Rs 1247.93, while the 50-DMA was at Rs 1207.88. If a stock is trading above 50 DMA and 200 DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50 DMA and 200 DMA at the same time, it is considered as a downtrend and if it is trading between 50 DMA and 200 DMA, it suggests that the stock may go anywhere.

Shares of the company are up 10.54% over the past year, while Sensex is up 17.59% over the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 63.97 and a price-to-book ratio of 12.7. A higher P/E ratio shows that investors are willing to pay a higher price due to better expectations for future growth. Price to book value indicates the intrinsic value of a company and reflects the price investors are willing to pay even for a company with no growth. The stock belongs to the electronics/electrical industry.

Eleanor C. William