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Stock of the day : Buy Havells India Ltd For Target Rs.1,400 - Religare Broking Ltd Havells India Ltd * HAVELLS has been in a steady uptrend from last 8 months, trading in an upsloping parallel channel. * Formed the base while holding above the support zone of medium and long term moving average i.e. 100 and 200 DEMA. * The price pattern combined with the uptick in volumes indicates bullish tone to continue. * We thus recommend creating fresh longs in the mentioned zone. Buy Havells India Ltd CMP 1320.85; Range 1315-1320; SL 1280; Target 1400  ...
Stock of the day : Buy Havells India Ltd For Target Rs.1,400 - Religare Broking Ltd
Stock of the day : Buy Havells India Ltd For Target Rs.1,400 - Religare Broking Ltd
Source: Religare Broking Ltd
23/08/2023 10:47:38 AM
Stock Picks : Havells India Ltd And UPL Ltd By ICICI Direct Havells India Ltd  Buy Havells India Ltd @1285-1287; Target 1303.00; Stop Loss 1278.00   UPL Ltd Sell UPL Ltd @ 586-587; Target 578; Stop Loss 591.1   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website kindly read disclaimer...
Stock Picks : Havells India Ltd And UPL Ltd By ICICI Direct
Stock Picks : Havells India Ltd And UPL Ltd By ICICI Direct
Source: ICICI Direct
18/08/2023 10:49:00 AM
Delhivery moves up on winning contract from Havells India Delhivery is currently trading at Rs. 416.20, up by 5.10 points or 1.24% from its previous closing of Rs. 411.10 on the BSE. The scrip opened at Rs. 409.40 and has touched a high and low of Rs. 420.00 and Rs. 409.40 respectively. So far 17817 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 621.35 on 10-Aug-2022 and a 52 week low of Rs. 291.00 on 27-Jan-2023. Last one week high and low of the scrip stood at Rs. 4...
Delhivery moves up on winning contract from Havells India
Delhivery moves up on winning contract from Havells India
Source: Accord Fintech
9/08/2023 11:40:15 AM
Whirlpool's India unit posts fall in Q1 profit on soft demand Home appliances maker Whirlpool of India Ltd reported a 10.6% drop in first-quarter profit on Monday, impacted by softer demand. The company, known for its refrigerators, washing machines and air conditioners, said consolidated net profit for the three months ended June 30 fell to 748.8 million rupees ($9.05 million) from 837.3 million rupees a year earlier. Revenue fell 2% to 20.39 billion rupees, hurting the company's operating profit metrics. Intermittent unseasonal rainfall a...
Whirlpool's India unit posts fall in Q1 profit on soft demand
Whirlpool's India unit posts fall in Q1 profit on soft demand
Source: Reuters
7/08/2023 3:34:03 PM
Reduce Havells India Ltd For Target Rs.1,130 - Centrum Broking Ltd Havells India’s (HAVL) sales grew 14% YoY to Rs48.2bn, 10% above our estimate. While consumer demand was muted in April and May, it recovered in June. B2C-B2B sales mix stood at 70-30 with B2C categories growing 12% YoY. Cables/Lloyd sales grew 25%/21% YoY while other electrical categories grew in low single digits. Gross margin expanded 140bps YoY to 30.4% led by softer input costs. EBITDA margin remained weak at 8.3%, down 20bps YoY and below our/consensus of 9.8%/10.2%, owing to loss...
Reduce Havells India Ltd For Target Rs.1,130 - Centrum Broking Ltd
Reduce Havells India Ltd For Target Rs.1,130 - Centrum Broking Ltd
Source: Centrum Broking Ltd
25/07/2023 12:55:25 PM
Buy Havells India Ltd For Target Rs.1,545 - LKP Securities Ltd Havells revenue at Rs 48.2b (+14% YoY) stood marginally above estimate supported by betterthan-expected performance in Lloyds (+20% YoY) and cables and wires (+24% YoY), while, switchgears (+5% YoY), ECD (+5% YoY) & Lighting (-1% YoY) performance was marginally lower. Softening commodity prices although not fully reflected resulting in Gross margins of 30.4% (+140bps YoY). Advertising exp stood at Rs1.3b (2.8% vs 2.7% in 1QFY23; 2.3% in 4QFY23). EBITDA at Rs 4.02b (+11% YoY) stood below o...
Buy Havells India Ltd For Target Rs.1,545 - LKP Securities Ltd
Buy Havells India Ltd For Target Rs.1,545 - LKP Securities Ltd
Source: LKP Securities Ltd
24/07/2023 12:50:08 PM
Reduce Havells India Ltd For Target Rs.1,130 - Centrum Broking Ltd Havells India’s (HAVL) sales grew 14% YoY to Rs48.2bn, 10% above our estimate. While consumer demand was muted in April and May, it recovered in June. B2C-B2B sales mix stood at 70-30 with B2C categories growing 12% YoY. Cables/Lloyd sales grew 25%/21% YoY while other electrical categories grew in low single digits. Gross margin expanded 140bps YoY to 30.4% led by softer input costs. EBITDA margin remained weak at 8.3%, down 20bps YoY and below our/consensus of 9.8%/10.2%, owing to loss...
Reduce Havells India Ltd For Target Rs.1,130 - Centrum Broking Ltd
Reduce Havells India Ltd For Target Rs.1,130 - Centrum Broking Ltd
Source: Centrum Broking Ltd
22/07/2023 12:58:00 PM
Buy Havells India Ltd For Target Rs.1,500 - JM Financial Institutional Securities Ltd Havells’ 1QFY24 revenue grew 14% YoY (+15% 4-year CAGR; 3% above JMFe and consensus) led by strong growth in Lloyd (+20% YoY; in line with JMFe) and cables and wires (+24% YoY; 8% above JMFe). ECD growth was muted at 5% YoY (+12% 4-year CAGR) on account of unseasonal rains. EBITDA grew by 11% YoY (+10% 4-year CAGR) to INR 4bn (15% below JMFe/Consensus) while Adj. PAT rose by 12% (+13% 4-year CAGR) to INR 2.73bn (13%/19% below consensus respectively). Demand continues to be driven by ind...
Buy Havells India Ltd For Target Rs.1,500 - JM Financial Institutional Securities Ltd
Buy Havells India Ltd For Target Rs.1,500 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
22/07/2023 10:34:41 AM
Buy Havells India Ltd For Target Rs.1,466 - Religare Broking Ltd Decent revenue growth: Havells India posted decent revenue growth of 13.9% YoY to Rs 4,834 Cr while it remained flat sequentially. Within divisions, Cables revenue came in at Rs 1,485 Cr, up by 24.5% YoY while it declined by 5.3% sequentially. Its Llyod business remained on the growth path as it was up by 21% YoY/3.1% QoQ to Rs 1,311 Cr, ECD segment was up by 4.7% YoY/17.1% QoQ to Rs 878 Cr. Switchgears was up by 4.7% YoY whereas it was down by 10% sequentially, followed by lighting & fix...
Buy Havells India Ltd For Target Rs.1,466 - Religare Broking Ltd
Buy Havells India Ltd For Target Rs.1,466 - Religare Broking Ltd
Source: Religare Broking Ltd
21/07/2023 12:37:37 PM
Havells India`s Q1 profit rises on steady demand in cables business Home appliances company Havells India posted an 18.5% rise in first-quarter profit buoyed by sustained demand for its wires and cables due to steady infrastructure spending, sending shares 2.5% higher on Thursday. Analysts expected the wires and cables segment to grow in the quarter due to rising infrastructure spending by the federal government and healthy demand from the real estate sector. The Noida-based company's pre-tax profit for the quarter ended June 30 from its mainstay ca...
Havells India`s Q1 profit rises on steady demand in cables business
Havells India`s Q1 profit rises on steady demand in cables business
Source: Accord Fintech
20/07/2023 2:51:27 PM
Buy Havells India Ltd For Target Rs.1,580 - Motilal Oswal Financial Services Ltd A full-stack consumer durable company seeking to raise market share *  Highest TAM of INR2.2t Havells India (HAVL) has the highest total addressable market (TAM) of INR2.2t among listed companies in the consumer durable space. HAVL’s TAM has increased over the years due to its diverse product portfolio, presence in various sectors, and entry into the large home appliances segment through the acquisition of Lloyd. * will benefit HAVL in its structural growth: The Indian a...
Buy Havells India Ltd For Target Rs.1,580 - Motilal Oswal Financial Services Ltd
Buy Havells India Ltd For Target Rs.1,580 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
19/07/2023 11:46:40 AM
Buy Havells India Ltd For Target Rs.1,420 - JM Financial Institutional Securities FY23 AR analysis; Resilience amid volatility In its FY23 Annual Report, Havells has emphasised on a) augmenting manufacturing, b) maximising value creation, and c) increasing R&D investment. Having 90% of products manufactured in-house ensures quality standards are maintained and customer needs are met. Havells is focused on ensuring its presence across the value chain through a) increased presence in e-commerce, b) deeper penetration into India through the Rural Vistaar programme and ...
Buy Havells India Ltd For Target Rs.1,420 - JM Financial Institutional Securities
Buy Havells India Ltd For Target Rs.1,420 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
28/06/2023 2:53:31 PM
India's V-Guard reports fall in Q4 profit hurt by loss in consumer durables  Indian electronic products manufacturer V-Guard Industries Ltd reported a 41% fall in its fourth-quarter profit on Tuesday, dragged by a loss in the consumer durables segment. The Kochi, Kerala-based company's consolidated net profit fell to 527.3 million rupees ($6.37 million) in the quarter ended March 31, from 897 million rupees a year ago. The company's revenue from operations rose more than 7% to 11.4 billion rupees, as revenue from its new Sunflame segment offset mut...
India's V-Guard reports fall in Q4 profit hurt by loss in consumer durables
India's V-Guard reports fall in Q4 profit hurt by loss in consumer durables
Source: Reuters
30/05/2023 4:28:52 PM
India`s Atomberg Technologies raises $86 million in fresh funding SOURCE Indian home appliances company Atomberg Technologies on Monday said it has raised $86 million in a fresh funding round, led by Singapore's Temasek Capital and India-focused asset manager Steadview Capital Management LLC. "With this round of fundraising, our focus is on enhancing product development and improving our product suite," Chief Executive Manoj Meena said in a statement. Atomberg did not immediately respond to Reuters' request for comment on its current valuat...
India`s Atomberg Technologies raises $86 million in fresh funding SOURCE
India`s Atomberg Technologies raises $86 million in fresh funding SOURCE
Source: Reuters
29/05/2023 4:39:12 PM
Buy Havells India Ltd For Target Rs.1,450 - ICICI Securities Havells reported healthy 9.8% revenue growth in-spite of (1) higher up-stocking of fans in trade in Q3FY23, (2) unseasonal rains and delayed summer which impacted revenues of summer products and (3) weak consumer sentiments especially muted rural consumption. We also believe it has likely gained market shares in switchgears and air conditioners. With correction in input prices, we also model EBITDA margin to recover to 11.3% in FY25 from 9.6% in FY23. We remain positive on Havells d...
Buy Havells India Ltd For Target Rs.1,450 - ICICI Securities
Buy Havells India Ltd For Target Rs.1,450 - ICICI Securities
Source: ICICI Securities Ltd
23/05/2023 3:43:30 PM
Stock Picks : Tata Motors Ltd and Havells India Ltd By ICICI Direct Tata Motors Ltd Buy Tata Motors 522.00-524.00 CMP 524.95; Target 529.80; Stop Loss 518.70   Havells India Ltd   Buy Havells India 1257-1259 CMP 1259.55; Target 1274.00; Stop Loss 1248.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Abo...
Stock Picks : Tata Motors Ltd and Havells India Ltd By ICICI Direct
Stock Picks : Tata Motors Ltd and Havells India Ltd By ICICI Direct
Source: ICICI Direct
22/05/2023 10:34:21 AM
Buy Havells India Ltd For Target Rs.1,480 - Yes Securities Ltd Result Synopsis Havells continues to deliver inline revenue growth with sequential margin improvement. All the segment registered growth except ECD which was impacted on account of higherinventory stocking in preceding quarter. B2B product categories saw higher growth on back of government spending on infrastructure and increase in private capex. Margins saw sequential improvement on back of stable commodity prices as most of the high?cost inventory for Havells was liquidated in Q3. Manage...
Buy Havells India Ltd For Target Rs.1,480 - Yes Securities Ltd
Buy Havells India Ltd For Target Rs.1,480 - Yes Securities Ltd
Source: Yes Securities Ltd
5/05/2023 12:17:51 PM
Reduce Havells India Ltd For Target Rs.1,130 - Centrum Broking Ltd Havells India’s (HAVL) sales grew 10% YoY to Rs48.5bn, 7% above our estimates. While B2C demand stayed sluggish, B2B segments were steady driven by infrastructure & construction sector. Among product segments, Lloyd/switchgears sales grew 32%/27% YoY while sales for cables and lighting grew in 4?5% range. ECD sales fell 14% YoY as trade has high fans inventory. Stability in RM prices drove 120bps YoY expansion in gross margin to 30.5%. Higher ad?spends (at 2.3% of Q4FY23 sales vs. 1...
Reduce Havells India Ltd For Target Rs.1,130 - Centrum Broking Ltd
Reduce Havells India Ltd For Target Rs.1,130 - Centrum Broking Ltd
Source: Centrum Broking Ltd
5/05/2023 11:55:42 AM
Stock Picks : Tata Steel and Havells By ICICI Direct Tata Steel (TATSTE) Buy Tata Steel (TATSTE) CMP 107.50; Initiation Range 107.00-107.80; Target 109.40 ; Stop Loss 105.90   Havells (HAVIND) Buy Havells (HAVIND) CMP 1210.00; Initiation Range1206.00-1209.00; Target 1225.50; Stop Loss 1196.30     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registrat...
Stock Picks : Tata Steel and Havells By ICICI Direct
Stock Picks : Tata Steel and Havells By ICICI Direct
Source: ICICI Direct
19/04/2023 12:20:56 PM
Buy Havells India Ltd For Target Rs.1,466 - Religare Broking Maintains stable revenue growth amid soft consumer demand   Stable revenue growth: Havells reported its Q3 revenue at Rs 4,128 Cr registering a growth of 12.6% over last year, led by stable volumes in its Cables business. Amongst segments, Cables grew by 17.1% YoY supported by industrial and infrastructure demand. Its Electrical Consumer Durables (ECD) segment saw a moderate growth of 4.5% YoY, the slow growth rate was attributable to change in BEE norms which saw tepid demand from...
Buy Havells India Ltd For Target Rs.1,466 - Religare Broking
Buy Havells India Ltd For Target Rs.1,466 - Religare Broking
Source: Religare Broking Ltd
8/03/2023 10:55:23 AM
Stock Picks : Havells India Ltd and DLF Ltd By ICICI Direct Havells India Ltd Buy Havells India Ltd @1214-1216 CMP 1225.00 Stop Loss 1204.00 Target 1229.00   DLF Ltd  Buy DLF Ltd  @359-360  CMP 4821.20 Stop Loss362.30 Target 354.50     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the auth...
Stock Picks : Havells India Ltd and DLF Ltd By ICICI Direct
Stock Picks : Havells India Ltd and DLF Ltd By ICICI Direct
Source: ICICI Direct Ltd
8/03/2023 10:31:32 AM
Buy Havells India Ltd For Target Rs.1,470 - JM Financial Institutional Securities Cautious near-term demand outlook Havells’ 3QFY23 print was largely in line with our estimates with another broad-based revenue growth across categories (+22% 3-year CAGR) further backed by sequential improvement in contribution margin. EBITDA grew by 16% ( 3-year CAGR) to INR 4.2bn (3% above JMFe) while Adj. PAT rose by 12% (3-year CAGR) to INR 2.8bn (1% below JMFe). With the RM environment largely stable and most of the high-cost inventory now liquidated (except Lloyd RAC), margins...
Buy Havells India Ltd For Target Rs.1,470 - JM Financial Institutional Securities
Buy Havells India Ltd For Target Rs.1,470 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
3/03/2023 2:03:59 PM
Buy Havells India Ltd For Target Rs.1,311- Geojit Financial Services Margin pressure to ease gradually…. Havells India Ltd. (HAVL) is a leading player in electrical consumer goods in India. Its key verticals include switchgears, cables & wires, lighting fixtures, and consumer appliances. • Revenue grew by 13% YoY, exceeding our expectation, aided by higher growth in cables & Lloyd. • Due to higher costs, EBITDA margins fell by 180 bps YoY to 10.3%. But, on a sequential basis, margins improved by 250 bps, indicating gradual imp...
Buy Havells India Ltd For Target Rs.1,311- Geojit Financial Services
Buy Havells India Ltd For Target Rs.1,311- Geojit Financial Services
Source: Geojit Financial Services
25/01/2023 11:08:04 AM
Havells India Q3 profit falls on subdued consumer business  Electrical equipment maker Havells India Ltd reported a 7.2% fall in quarterly profit on Thursday as it spent more on advertising, and high inflation hurt consumer demand. Several Indian companies, including Maruti Suzuki, Dabur India and Marico, have spoken about the impact of inflation on consumer-spending. Havells' profit fell to 2.84 billion rupees ($34.91 million) in the third-quarter ended Dec. 31, from 3.06 billion rupees a year earlier. Revenue from operations rose ...
Havells India Q3 profit falls on subdued consumer business
Havells India Q3 profit falls on subdued consumer business
Source: Reuters
20/01/2023 10:55:23 AM
Buy Havells India Ltd For Target Rs 1,480 - Yes Securities Outperformance to continue; reiterate BUY Result Synopsis Havells has once again delivered inline revenue growth with sequential margin improvement. Growth was aided by higher volumes across the product categories with B2B side faring better while B2C business saw impact of high inflationary environment. Margins saw sequential improvement on back of stable commodity prices as most of the high?cost inventory for Havells was liquidated in Q3. Management expects further margin improvement ...
Buy Havells India Ltd For Target Rs 1,480 - Yes Securities
Buy Havells India Ltd For Target Rs 1,480 - Yes Securities
Source: Yes Securities Ltd
20/01/2023 10:22:50 AM
Key News - Asian Paints Ltd ,Havells India Ltd, Hindustan Unilever, Adani Group,Reliance Industries Ltd,Vedanta By ARETE Securities Key News Asian Paints December quarter net profit rises 6.4% to Rs 1,097 crore Asian Paints Ltd on Thursday reported a 6.4 per cent rise in consolidated net profit at Rs 1,097.06 crore in the third quarter ended December 2022. The company had posted a consolidated net profit of Rs 1,031.29 crore in the same period last fiscal, Asian Paints said in a regulatory filing. Consolidated revenue from operations stood at Rs 8,636.74 crore as against Rs 8,527.24 crore in the year-ago quarter, it...
Key News - Asian Paints Ltd ,Havells India Ltd, Hindustan Unilever, Adani Group,Reliance Industries Ltd,Vedanta By ARETE Securities
Key News - Asian Paints Ltd ,Havells India Ltd, Hindustan Unilever, Adani Group,Reliance Industries Ltd,Vedanta By ARETE Securities
Source: ARETE Securities Ltd
20/01/2023 9:32:56 AM
High Conviction Idea : Hold Havells India Ltd For Target Rs.1,466 - Religare Broking Emerging as a one-stop FMEG player Leading FMEG player: Havells India Ltd is India’s leading Fast Moving Electrical Goods (FMEG) company with an extensive distribution network and world class quality. It enjoys market dominance across a wide spectrum of products, including industrial & domestic circuit protection devices, cables & wires, motors, fans, modular switches, home Appliances, air conditioners, electric water heaters, power capacitors, luminaires for domestic, commer...
High Conviction Idea : Hold Havells India Ltd For Target Rs.1,466 - Religare Broking
High Conviction Idea : Hold Havells India Ltd For Target Rs.1,466 - Religare Broking
Source: Religare Broking Ltd
13/12/2022 12:08:02 PM
Buy Havells India Ltd : Mixed quarter, maintain buy - Religare Broking Buy Havells India Ltd For Target Rs.1,466 Strong revenue growth: Havells reported its Q2 revenue at Rs 3,669 Cr registering a growth of 13.9% over last year, led by strong volumes growth of 12% YoY. The company posted growth across all its segments, Cables accounts for 37.1% of the total revenue saw a growth of 18.8% YoY on the back of rising demand in B2B segment. Its switchgears, lighting and fixtures as well as Lloyd segments saw a growth of 10.2%, 12.0% and 21.3% respectively. Mea...
Buy Havells India Ltd : Mixed quarter, maintain buy - Religare Broking
Buy Havells India Ltd : Mixed quarter, maintain buy - Religare Broking
Source: Religare Broking Ltd
31/10/2022 11:32:46 AM
Buy Havells India Ltd For Target Rs.1,400 - JM Financial Institutional Securities Margins disappoint; revenue growth outlook robust Havells’ 2QFY23 print surprised negatively with contribution margins declining across most categories QoQ by 60-240bps (Lloyd turned negative) due to absorption of high-cost inventory against falling RM / sales prices. This offset another strong revenue performance with sales growing by 18% on 3-year CAGR to INR 36.7bn (10% above JMFe) and broadbased growth across categories. Volume grew c.12% YoY (at company level) as per the managem...
Buy Havells India Ltd For Target Rs.1,400 - JM Financial Institutional Securities
Buy Havells India Ltd For Target Rs.1,400 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
26/10/2022 9:52:53 AM
Buy Havells India Ltd For Target Rs. 1,480 - Yes Securities Ltd Margins have bottomed out; reiterate BUY Result Synopsis Havells delivered inline revenue growth; while disappointed on the margin front. Most of the growth was aided by higher volumes across the product categories. Margins were impacted owing to full absorption of high costs inventory against falling raw material and selling prices. Management fells margins have bottomed out and expects margins to improve from Q3 as commodity prices have corrected and are trending lower. High priced in...
Buy Havells India Ltd For Target Rs. 1,480 - Yes Securities Ltd
Buy Havells India Ltd For Target Rs. 1,480 - Yes Securities Ltd
Source: Yes Securities Ltd
22/10/2022 12:10:36 PM
Buy Havells India Ltd For Target Rs.1232 - ICICI Securities Strong correlation of earnings and stock price with copper prices While consensus appears concerned about higher copper prices hurting earnings and stock price movement of Havells, we note there is strong positive correlation (0.8) between copper prices and revenues and EBITDA of Havells. The stock price has also moved in line with higher copper prices. While the inflation in copper prices may impact earnings in near term, we note Havells has historically been able to initiate pricing acti...
Buy Havells India Ltd For Target Rs.1232 - ICICI Securities
Buy Havells India Ltd For Target Rs.1232 - ICICI Securities
Source: ICICI Securities Ltd
18/10/2022 1:06:24 PM
Buy Havells India Ltd For Target Of Rs.1180 - ICICI Securities Strong correlation of earnings and stock price with copper prices While consensus appears concerned about higher copper prices hurting earnings and stock price movement of Havells, we note there is strong positive correlation (0.8) between copper prices and revenues and EBITDA of Havells. The stock price has also moved in line with higher copper prices. While the inflation in copper prices may impact earnings in near term, we note Havells has historically been able to initiate pricing acti...
Buy Havells India Ltd For Target Of Rs.1180 - ICICI Securities
Buy Havells India Ltd For Target Of Rs.1180 - ICICI Securities
Source: ICICI Securities Ltd
14/10/2022 1:57:02 PM
Stock Picks - Havells India Ltd and Oberoi Realty Ltd By ICICI Direct Havells India Ltd Buy Havells India Ltd @ 1302.00-1304.00 CMP 1313.90 Stop Loss 1289.90 Target 1316.60/1329.70 Oberoi Realty Ltd Buy Oberoi Realty Ltd @ 911-913 CMP 917.30??????? Stop Loss 921.70 Target 903.2/894.6 ??????? To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the aut...
Stock Picks - Havells India Ltd and Oberoi Realty Ltd By ICICI Direct
Stock Picks - Havells India Ltd and Oberoi Realty Ltd By ICICI Direct
Source: ICICI Direct
28/09/2022 12:17:04 PM
Dassault Systemes now helping Havells digitalise its factories French 3DExperience major Dassault Systemes on Tuesday announced that electrical goods manufacturer Havells is using its manufacturing execution system (MES) applications to digitalise its factories. With MES-driven efficiencies, Havells is set to deliver powerful, sustainable and energy efficient solutions in the consumer durables segment together with Dassault Systemes. MES efficiencies delivered by Dassault Systemes' DELMIA applications powered by the 3DEXPERIENCE platform provid...
Dassault Systemes now helping Havells digitalise its factories
Dassault Systemes now helping Havells digitalise its factories
Source: IANS
13/09/2022 2:24:21 PM
Stock Picks - Havells India Ltd and Larsen & Toubro Ltd By ICICI Direct Havells India Ltd  Buy Havells India Ltd @1374.00-1378.00CMP 1382.30 Stop Loss 1363.30Target 1388.00/1399.00   Larsen & Toubro Ltd Buy Larsen & Toubro Ltd @1933.00-1937.00CMP 1940.50 Stop Loss 1916.30Target 1952.00/1969.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html ...
Stock Picks - Havells India Ltd and Larsen & Toubro Ltd By ICICI Direct
Stock Picks - Havells India Ltd and Larsen & Toubro Ltd By ICICI Direct
Source: ICICI Direct
5/09/2022 10:55:21 AM
Add Havells India Ltd For Target Of Rs.1,390 - Centrum Broking Ltd Gross margin pressure comes to the fore Havells India (HAVL) revenue grew 15% YoY to Rs36.5bn, 3%/2% above our/consensus estimates. Festive demand was encouraging initially but it tapered in second half of 3QFY22 due to inflation in product prices and Omicron surge. This led to flat volume growth for the quarter. Gross margin continued the downward trend as it fell 200bps QoQ to 32.3%, lowest in the past 10 years (since Q4FY11). Gross margin was impacted by higher input costs and delay in ...
Add Havells India Ltd For Target Of Rs.1,390 - Centrum Broking Ltd
Add Havells India Ltd For Target Of Rs.1,390 - Centrum Broking Ltd
Source: Centrum Broking Ltd
31/08/2022 11:07:40 AM
Reduce Havells India Ltd For Target Rs.1,220 - Centrum Broking Ltd Profit falters as Lloyd loss widens & cable margin dips Havells India’s (HAVL) topline of Rs42.3bn (Q1FY20-23 CAGR at 16%) was 14%/8% above our/consensus estimates. However, its margin profile continues to slide downwards. Gross margin declined 670bps YoY and 30bps QoQ to 29%, partly due to unfavorable sales mix (Lloyd formed 25.6% of total sales vs. 19%/21.7% YoY/QoQ). EBITDA stood at Rs3.6bn (Q1FY20-23 CAGR at 9%), leading to operating margin of 8.5%, much below our/consensus e...
Reduce Havells India Ltd For Target Rs.1,220 - Centrum Broking Ltd
Reduce Havells India Ltd For Target Rs.1,220 - Centrum Broking Ltd
Source: Centrum Broking Ltd
30/08/2022 2:19:42 PM
Hold Havells India Ltd For Target Rs. 1,240- Emkay Global Margin normalization to start in Q3 * Havells’ Q1FY23 revenue was a 5% beat, but margins were significantly lower due to the volatility in commodity prices and the normalization of other costs during the quarter. The lighting segment surprised positively on both the revenue and margin fronts. * Contribution margins for C&W saw ~370bps contraction due to the steep fall in commodity prices that led to cost pass-through to end-customers, despite holding high-cost inventory. The m...
Hold Havells India Ltd For Target Rs. 1,240- Emkay Global
Hold Havells India Ltd For Target Rs. 1,240- Emkay Global
Source: emkay global financial services limited
29/08/2022 2:29:31 PM
Large Cap : Sell Havells India Ltd For Target Rs.1,104 - Geojit Financial Margins softness to hurt premium valuations... Havells India Ltd (HAVL) is a leading player in electrical consumer goods in India. Its key verticals include switchgears, cables & wires, lighting fixtures and consumer appliances. • Revenue grew by 63% YoY on account of healthy demand and higher realisation. • EBITDA growth was flat and margin eroded by 500bps YoY due to sharp volatility in commodity prices. • Sharp fall in commodity prices, including copper, will...
Large Cap : Sell Havells India Ltd For Target Rs.1,104 - Geojit Financial
Large Cap : Sell Havells India Ltd For Target Rs.1,104 - Geojit Financial
Source: Geojit Financial Services Ltd
26/07/2022 12:36:51 PM
Buy Havells India Ltd For Target Rs.1,420 - JM Financial Institutional Securities Havells’ 1QFY23 sales surprised positively, growing by 16% on 3-year CAGR to INR 42.3bn (9% above JMFe) with broad-based growth seen across categories. Volume grew 40% YoY (high single/early double digit 3-year CAGR), as per the management. However, contribution margins declined across most categories QoQ by 30-370bps (except Switchgears/ Lighting – up 30bps/220bps) due to input cost volatility. The management expects RM volatility pain to have a bearing on margins in 2Q before th...
Buy Havells India Ltd For Target Rs.1,420 - JM Financial Institutional Securities
Buy Havells India Ltd For Target Rs.1,420 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
23/07/2022 11:16:53 AM
Buy Havells India Ltd For Target Rs.1,506 - Yes Securities Volume across product categories continues to grow on 3-year CAGR basis; maintain BUY Result Synopsis Havells continues to surprise positively on the revenue growth led by strong growth in volumes. Volume of the quarter on the blended basis has seen growth of 40%; Even on 3-year CAGR basis volume growth has been in the range if mid-single digit to low double digit. Gross margins continued to remain under pressure as company refrained from taking price increases as they didn’t want...
Buy Havells India Ltd For Target Rs.1,506 - Yes Securities
Buy Havells India Ltd For Target Rs.1,506 - Yes Securities
Source: Yes Securities Ltd
22/07/2022 3:05:30 PM
Buy Havells India Ltd For Target Rs.1,420 - JM Financial Institutional Securities Margin pressures dent a strong revenue show Havells’ 1QFY23 sales surprised positively, growing by 16% on 3-year CAGR to INR 42.3bn (9% above JMFe) with broad-based growth seen across categories. Volume grew 40% YoY (high single/early double digit 3-year CAGR), as per the management. However, contribution margins declined across most categories QoQ by 30-370bps (except Switchgears/ Lighting – up 30bps/220bps) due to input cost volatility. The management expects RM volatility pa...
Buy Havells India Ltd For Target Rs.1,420 - JM Financial Institutional Securities
Buy Havells India Ltd For Target Rs.1,420 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
22/07/2022 11:38:42 AM
Havells India gains on reporting marginal rise in Q1 consolidated net profit Havells India is currently trading at Rs. 1235.00, up by 11.65 points or 0.95% from its previous closing of Rs. 1223.35 on the BSE. The scrip opened at Rs. 1200.15 and has touched a high and low of Rs. 1240.95 and Rs. 1197.35 respectively. So far 47898 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1503.70 on 18-Oct-2021 and a 52 week low of Rs. 1037.80 on 07-Mar-2022. Last one week high and low of the scrip st...
Havells India gains on reporting marginal rise in Q1 consolidated net profit
Havells India gains on reporting marginal rise in Q1 consolidated net profit
Source: IANS
21/07/2022 12:24:04 PM
Stock Picks - Buy Havells India Ltd For Target Rs.1180 - ICICI Direct Technical Observations • The share price of Havells India has generated a breakout above the falling channel containing last one months corrective decline signaling resumption of up move and offers fresh entry opportunity • Buying demand is seen emerging in the stock from the support area of | 1050-1060 levels being the confluence of the rising demand line joining lows of June 2021 (|958) and March 2022 (|1038) and the 80% retracement of the previous major rally (|958- 1504) p...
Stock Picks - Buy Havells India Ltd For Target Rs.1180 - ICICI Direct
Stock Picks - Buy Havells India Ltd For Target Rs.1180 - ICICI Direct
Source: ICICI Direct
1/07/2022 10:07:47 AM
Buy Hindalco Industries Ltd For Target Rs.515 - JM Financial Institutional Securities FY22 AR analysis; Risk reward turns favourable In its FY22 Annual Report, Havells has emphasised on a) expanding its GTM strategy to make the company more omnipresent, and b) focussing on its innovation pipeline through sustained R&D investments. With customers now seeking borderless shopping, Havells is focused on ensuring its presence across the value chain through a) increased presence on new age-digital platforms, b) deeper penetration into India through the Rural Vistaar programme...
Buy Hindalco Industries Ltd For Target Rs.515 - JM Financial Institutional Securities
Buy Hindalco Industries Ltd For Target Rs.515 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
29/06/2022 12:18:40 PM
Buy Havells India Ltd For Target Rs.1,644 - ICICI Securities Focus on expanding reach to customers Havells has themed its annual report on its efforts to reach out to its customers across channels. It is now also investing in extending its rural presence by launching new exclusive stores. We believe distribution expansion and steady launch of new products could help the company to continue recording healthy volume growth. The company had expanded its manufacturing capacities for washing machines and refrigerators in FY22 and plans to expand for RAC ...
Buy Havells India Ltd For Target Rs.1,644 - ICICI Securities
Buy Havells India Ltd For Target Rs.1,644 - ICICI Securities
Source: ICICI Securities Ltd
25/06/2022 10:17:36 AM
Stock Picks - Buy Havells India Ltd For Target Of Rs.1180 - ICICI Direct Technical Observations * The share price of Timken India has generated a breakout above the falling channel containing last one months corrective decline signaling resumption of up move and offers fresh entry opportunity * Buying demand is seen emerging in the stock from the support area of | 1050-1060 levels being the confluence of the rising demand line joining lows of June 2021 (|958) and March 2022 (|1038) and the 80% retracement of the previous major rally (|958- 1504) placed ...
Stock Picks - Buy Havells India Ltd For Target Of Rs.1180 - ICICI Direct
Stock Picks - Buy Havells India Ltd For Target Of Rs.1180 - ICICI Direct
Source: ICICI Direct
23/06/2022 10:47:43 AM
Large Cap : Buy Havells India Ltd For Target Rs.1,245 - Geojit Financial Services Revenue growth to sustain... Havells India Ltd (HAVL) is a leading player in electrical consumer goods in India. Its key verticals include switchgears, cables & wires, lighting fixtures and consumer appliances. * HAVL focus is on improving product mix, expanding distribution strength and gaining market share. * Revenue growth to remain healthy on account of uptick in infrastructure investment and revival in real estate sector and discretionary demand. * Prices of key...
Large Cap : Buy Havells India Ltd For Target Rs.1,245 - Geojit Financial Services
Large Cap : Buy Havells India Ltd For Target Rs.1,245 - Geojit Financial Services
Source: Geojit Financial Services Ltd
21/06/2022 11:50:46 AM