21/01/2021 11:04:21 AM | Source: Angel Broking Ltd
Havells India Ltd is a leading player in electrical consumer goods in India By Amarjeet Maurya, Angel Broking
Below are Views On Havells India Ltd is a leading player in electrical consumer goods in India By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
CMP-Rs1,078 Target Price-Rs 1240
Havells India Ltd (HIL) is a leading player in electrical consumer goods in India. During the 3QFY21, Havells India reported strong results and beat all the parameters. Top line grew by ~40% to Rs3,175cr and PAT grew by 75% yoy to Rs350cr on back of strong performance all across the business segments. Going forward, we expect healthy top-line and bottom-line growth on the back of a strong brand, market share gain and wide distribution network. Hence, we are positive on stock.
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer
Click Here