CK Narayan of Chart Advise has a buy call on Havells India Ltd. with a target price of Rs 667. The current price of Havells India Ltd. is Rs 659.95. CK Narayan recommended to keep a stop loss at Rs 647.
Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 40940.02 Crore) operating in Consumer Durables sector.
Havells India Ltd. key Products/Revenue Segments include Cables which contributed Rs 3232.72 Crore to Sales Value (32.14 % of Total Sales), Electrical Consumer Durables which contributed Rs 1981.48 Crore to Sales Value (19.70 % of Total Sales), Others which contributed Rs 1855.56 Crore to Sales Value (18.44 % of Total Sales), Domestic Switchgears which contributed Rs 1656.27 Crore to Sales Value (16.46 % of Total Sales), Light Fittings & Fixture which contributed Rs 1292.67 Crore to Sales Value (12.85 % of Total Sales), Other Operating Revenue which contributed Rs 28.73 Crore to Sales Value (0.28 % of Total Sales), Export Incentives which contributed Rs 10.19 Crore to Sales Value (0.10 % of Total Sales) for the year ending 31-Mar-2019.
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2232.65 Crore, down 17.82 % from last quarter sales of Rs 2716.88 Crore and up 1.76 % from last year same quarter sales of Rs 2194.13 Crore. Company has reported net profit after tax of Rs 179.51 Crore in latest quarter.
Source: Economic Times