News By Tags

News

Havells India is currently trading at Rs. 1650.00, up by 32.30 points or 2.00% from its previous closing of Rs. 1617.70 on the BSE. The scrip opened at Rs. 1633.95 and has touched a high and low of Rs. 1664.10 and Rs. 1619.25 respectively. So far 8723 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2104.95 on 23-Sep-2024 and a 52 week low of Rs. 1273.40 on 20-Nov-2023. Last one week high and low of the scrip sto...

Havells India trades higher on the BSE

Source: Accord Fintech
2024-11-19 02:53:53 pm

Stock Picks : Power Finance Corporation�Ltd and Havells India Ltd By ICICI Direct

Power Finance Corporation Ltd Buy Power Finance Corporation Ltd @ 457.50-458.50 Target 464.00 Stop Loss 454.80 Havells India Ltd Buy Havells India Ltd. @ 1609-1611 Target 1628.00 Stop Loss 1602.30 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631

Stock Picks : Power Finance Corporation�Ltd and Havells India Ltd By ICICI Direct

Source: ICICI Direct
2024-11-19 10:55:36 am

Neutral Havells India Ltd For Target Rs. 1,942 By Yes Securities Ltd

Strong B2C performance drives growth, margins set to improve; upgrade to Neutral Result Synopsis Havells strong revenue growth has been driven by better performance of B2C segment which grew by 17% yoy, demand outlook remains positive with festive season expected to fare better than previous year. B2B and B2G demand is expected to make come back as capex cycle continues to remain healthy and government orders are expected to pickup pace as elections are done with and normal business res...

Neutral Havells India Ltd For Target Rs. 1,942 By Yes Securities Ltd

Source: Yes Securities Ltd.
2024-10-22 06:11:17 pm

Neutral Havells India Ltd For Target Rs. 1,830 By Motilal Oswal Financial Services Ltd

Core margin disappoints; loss of Lloyd narrows High volatility in RM costs hurts C&W margin * Havells India (HAVL) reported weak 2Q results with 3-5pp margin miss across segments as segmental margins contracted 2-6pp YoY (excluding Lloyd where loss narrowed YoY). EBITDA at INR3.8b was 25% below our estimate, and OPM stood at 8.3% (vs. estimated 11.7%). Ad spending was 2.9% of revenue (vs. 2.2% in 2QFY24), while higher impairments had an impact of 65bp on OPM. Profit stood at INR2.7...

Neutral Havells India Ltd For Target Rs. 1,830 By Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2024-10-21 11:28:10 am

Add Havells India Ltd For Target Rs. 1875 By Centrum Broking Ltd

In-line revenue; higher staff costs and ad-spend dent margin Havells India’s (HAVL) sales grew 17% YoY to Rs45.3bn, broadly in-line with our estimate, led by improvement in consumer demand. Key segments driving growth were cables (+23% YoY), ECD (+17% YoY) and Lloyd (+19% YoY). Gross margin rose 50bps YoY to 33.8%. Adspend jumped 54% YoY to Rs1.3bn (at 2.9% of sales, up 70bps YoY) due to festive season starting early in Q2. EBITDA was broadly flat YoY at Rs3.8bn due to higher ad-spen...

India's Voltas reports two-fold rise in profit on higher demand for air conditioners

Source: Reuters
2024-08-12 09:30:32 am

Sell Havells India Ltd For Target Rs.1,644 By Geojit Financial Services Ltd

Strong performance...premium valuation 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 20% YoY and net profit was up 43% YoY, led by strong summer related sales. * EBITDA grew by 43% YoY, and margins expanded by 160bps to 9.9% but missed our estimates 60bps, as full benefits of price hikes will be visible only in upcoming quarte...

Sell Havells India Ltd For Target Rs.1,644 By Geojit Financial Services Ltd

Source: Geojit Financial Services Ltd
2024-07-30 11:49:51 am

Stock Picks : Havells India Ltd And GAIL Ltd By ICICI Direct

Havells India Ltd Buy Havells India Ltd @ 1825-1827 Target 1848.00 Stop Loss 1815.00 GAIL Ltd Buy GAIL Ltd @ 227.50-228.50 Target 231.00 Stop Loss 226.80 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631

Stock Picks : Havells India Ltd And GAIL Ltd By ICICI Direct

Source: ICICI Direct
2024-07-26 11:30:27 am

Reduce Havells India Ltd For Target Rs.1,792 by Yes Securities

Positivity priced in, valuation remains stretched; downgrade to Reduce Result Synopsis Havells strong revenue growth has been driven by strong summer season and continued industrial and infrastructure led B2B segment, demand outlook remains positive with some uptick in consumer trends. Summer dependent categories like Lloyd and ECD has registered growth of 47% and 20% respectively, led by strong performance of RAC, Fans and Air-coolers which has grown higher albeit on low base. Gross ma...

Reduce Havells India Ltd For Target Rs.1,792 by Yes Securities

Source: Yes Securities Ltd.
2024-07-19 03:35:45 pm

Buy Havells India Ltd For Target Rs. 2,070 By JM Financial Services

In Q1FY25, Havells posted revenue of INR 57.2bn up 20% YoY (In-line JMFe), 5 years CAGR of +16% mainly driven by strong growth in Lloyd and ECD of c.47%/20% YoY respectively. EBITDA at INR 5.7bn up 43% YoY (below JMFe) and 5 year CAGR +16%. OPM at 9.9% vs 8.3% YoY and 11.7% QoQ, lower margins mainly because of increase in A&P to 3% (as % of sales) vs 2.4% YoY and decline in switchgears and W&C margins. PAT stood at INR 4.1bn up 43% YoY. * Improved traction in ECD: Revenue in E...

Buy Havells India Ltd For Target Rs. 2,070 By JM Financial Services

Source: JM Financial Services
2024-07-19 03:03:32 pm

Neutral Havells India Ltd For Target Rs. 1,820 By Motilal Oswal Financial Services

Lloyd’s performance better in 1Q; cables & wires muted Price hikes would offset the surge in RM costs * Havells India (HAVL)’s revenue/EBITDA grew ~20%/42% YoY to INR58.1b/ INR5.7b (in line) in 1QFY25. Though Lloyd’s revenue rose ~47% YoY to INR19.3b (in line), its profitability was better than estimated, with an EBIT of INR636m (est. INR371m). This was aided by cost efficiencies &premiumization. Overall EBITDA margin was ~10% (in line). Profit was INR4.1b vs. ...

Neutral Havells India Ltd For Target Rs. 1,820 By Motilal Oswal Financial Services

Source: Motilal Oswal Financial Services Ltd
2024-07-19 12:26:25 pm

Stock Picks : Axis Bank Ltd And Havells India Ltd By ICICI Direct

Axis Bank Ltd Buy Axis Bank Ltd. @ 1133-1135 Target 1146 Stop Loss 1128.4 Havells India Ltd Buy Havells India Ltd. @ 1704-1706 Target 1725 Stop Loss 1694

Stock Picks : Axis Bank Ltd And Havells India Ltd By ICICI Direct

Source: ICICI Direct
2024-05-14 10:38:44 am

Stock Picks : State Bank of India Ltd And Havells India Ltd By ICICI Direct

State Bank of India Ltd Buy State Bank of India Ltd. @764-765 Target 772.40 Stop Loss 761.40 Havells India Ltd Buy Havells India Ltd. @1548-1550 Target 1565.00 Stop Loss 1539.80 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631

Stock Picks : State Bank of India Ltd And Havells India Ltd By ICICI Direct

Source: ICICI Direct
2024-04-08 12:00:44 pm

High Conviction Idea: Havells India Ltd.For Target Rs. 1,551 By Religare Broking

Subdued performance: Havells India posted subdued performance for the quarter as revenue grew by 6.9% YoY/13.2% QoQ to Rs 4,414 Cr mainly led by Cables & Wires segment as a result of strong demand from infrastructure and housing development. Its other segment; Switchgears, ECD (Electronic Consumer Durables) and Llyod reported low to mid-single digit growth as compared to last year, indicating lower than anticipated demand across the durables category. Consequently, PAT grew by 1.5% YoY/15...

High Conviction Idea: Havells India Ltd.For Target Rs. 1,551 By Religare Broking

Source: Religare Broking
2024-04-07 10:47:29 am

Buy Havells India Ltd. For Target Rs. 1,597 By Yes Securities

Result Synopsis Havells growth has been lower as consumer demand continues to remain subdued offsetting strong growth in B2B categories. All B2C categories have posted muted low single digit growth, while B2B categories like Cables and Professional lighting continues to see strong traction. Gross margins continue to improve on back of stable commodity prices, while higher A&P spends have resulted lower EBITDA margins. Contribution margin for most categories has seen sustained improveme...

Buy Havells India Ltd. For Target Rs. 1,597 By Yes Securities

Source: Yes Securities Ltd.
2024-04-03 12:27:40 pm

Buy Havells India Ltd. For Target Rs.1,510 By Motilal Oswal Financial Services

Healthy growth in cables and Lloyd; ECD and lighting subdued Strong B2B demand; normalcy expected in B2C segment HAVL reported a miss of 3%/6% on EBITDA/PAT on our 3QFY24 estimates, primarily due to higher-than-estimated AD spends (4% of revenues vs. 3.1%/2.2% in 3QFY23/2QFY24). An adverse product mix in the Cables and Wires segment led to a QoQ decline in margin. The management expects a positive impact on the summer season, aided by low base. It foresees the realization of deferred...

Buy Havells India Ltd. For Target Rs.1,510 By Motilal Oswal Financial Services

Source: Motilal Oswal Financial Services Ltd
2024-04-01 02:59:36 pm

Stock Picks : Havells India Ltd And DLF Ltd By ICICI Direct

Havells India Ltd Sell Havells India Ltd @ 845-847 Target 839.00 Stop Loss 851.50 DLF Ltd Sell DLF Ltd @ 845-847 Target 839.00 Stop Loss 851.50 Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631

Stock Picks : Havells India Ltd And DLF Ltd By ICICI Direct

Source: ICICI Direct
2024-03-15 09:36:44 am

Buy Havells India Ltd For Target Rs.1,306 - Centrum Broking Ltd

Havells India’s (HAVL) sales grew modestly at 7% YoY to Rs44bn, 5%/3% below our/ consensus estimate, amid subdued consumer demand. Cables grew 11% YoY to Rs15.7bn aided by infra-led B2B demand while Lloyd grew 7% YoY to Rs6.5bn. Switchgears/ECD/ Lighting segment sales grew in the range of only 1-3% YoY due to muted consumer demand. Gross margin rose 30bps YoY to 33.3%, but higher ad-spends (+90bps YoY forming 4% of sales vs. usual run-rate of 2-3%) led to 50bps YoY fall in EBITDA m...

Buy Havells India Ltd For Target Rs.1,306 - Centrum Broking Ltd

Source: Choice Broking
2024-02-23 02:22:40 pm

Buy Havells India Ltd For Target Rs. 1,496 - Geojit Financial Services

Q3 let down...but positive outlook prevails 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 7% YoY and was marginally below expectations, primarily due to weak consumer sentiments. • EBITDA was flat, and margins were lower by 50bps YoY at 9.8% on account of higher ad spends and other expenses. • HAVL's core...

Buy Havells India Ltd For Target Rs. 1,496 - Geojit Financial Services

Source: Geojit Financial Services Ltd
2024-02-22 03:45:17 pm

Reduce Havells India Ltd For Target Rs. 1,160 - Centrum Broking Ltd

B2C demand remains muted; higher ad-spends impact margins Havells India’s (HAVL) sales grew modestly at 7% YoY to Rs44bn, 5%/3% below our/ consensus estimate, amid subdued consumer demand. Cables grew 11% YoY to Rs15.7bn aided by infra-led B2B demand while Lloyd grew 7% YoY to Rs6.5bn. Switchgears/ECD/ Lighting segment sales grew in the range of only 1-3% YoY due to muted consumer demand. Gross margin rose 30bps YoY to 33.3%, but higher ad-spends (+90bps YoY forming 4% of sales ...

Reduce Havells India Ltd For Target Rs. 1,160 - Centrum Broking Ltd

Source: Centrum Broking Limited
2024-02-15 02:42:01 pm

Accumulate Havells India Ltd For Target Rs. 1,385 - Elara Capital

Weak demand leads to mellow showing Revenue rises 7% YoY, driven by the cable segment Havells India (HAVL IN) Q3FY24 revenue rose 6% YoY at a three-year CAGR of 12% to INR 44bn, 5% lower than our estimates, led by steady volume growth in cable and wires. B2B performed better on rising infra spend and upcycle in construction activities while B2C demand remains subdued, due to lo...

Accumulate Havells India Ltd For Target Rs. 1,385 - Elara Capital

Source: Elara Capital
2024-02-15 02:17:01 pm

Weak consumer sentiments impacted… Q4 to see revival. In Q3FY24, revenue grew by 6.8% YoY, missed our estimates by 5.4% due to weak consumer sentiments. B2B volumes remained robust, driven by infra and real estate demand. Despite the festive season, the ECD segment saw modest growth of 3% YoY, attributed to subdued fan demand. The lighting segment faced price erosion but achieved double-digit volume growth. Switchgear growth was flat due to a decline in sales to the telecom OEM segm...

Buy Havells India Ltd For Target Rs.1,496 - Geojit Financial Services

Source: Geojit Financial Services Ltd
2024-02-07 05:33:08 pm

Buy Havells India Ltd For Target Rs.1,644 - Religare Broking Ltd

Source: Religare Broking Ltd
2024-01-24 03:52:15 pm

Havells India is currently trading at Rs. 1288.90, up by 8.35 points or 0.65% from its previous closing of Rs. 1280.55 on the BSE. The scrip opened at Rs. 1298.95 and has touched a high and low of Rs. 1298.95 and Rs. 1285.05 respectively. So far 3894 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1466.00 on 11-Sep-2023 and a 52 week low of Rs. 1092.00 on 26-Dec-2022. Last one week high and low of the scrip stoo...

Havells India gains on launching consumer durable brand `Lloyd` in Middle East Market

Source: Accord Fintech
2023-11-29 01:46:53 pm

India`s RR Kabel profit more than doubles on strong cables, wires demand

India's RR Kabel profit more than doubled in its first quarterly report since going public, benefiting from a sustained demand for its wires and cables from the housing and construction industry. The company's consolidated profit increased to 741 million rupees ($8.91 million) in the July-September quarter, compared with 350.1 million rupees a year earlier, according to its statement on Monday. "The company's strong sales growth has been underpinned by the thrivin...

India`s RR Kabel profit more than doubles on strong cables, wires demand

Source: Reuters
2023-11-07 10:09:49 am

Buy Havells India Ltd For Target Rs.1,460 - JM Financial Institutional Securities

Havells’ 2QFY24 revenue grew 6% YoY (+15% 4-year CAGR; 7% below JMFe and 5% below consensus) led by strong growth in Lloyd (+19% YoY; 15% below JMFe) and Cables and Wires (+8% YoY; 10% below JMFe). ECD revenue declined 5% YoY (+11% 4-year CAGR) on account of weakness in demand in general. EBITDA grew by 30% YoY (+12% 4- year CAGR) to INR 3.74bn (14% below JMFe/12% below consensus) on account of low base (inventory loss in C&W segment due to drop in copper prices). Adj. PAT rose by 3...

Buy Havells India Ltd For Target Rs.1,460 - JM Financial Institutional Securities

Source: JM Financial Institutional Securities Ltd
2023-10-28 02:18:29 pm

Nifty closed in the green on 5 occasions in month of November for last 10 yrs

An analysis for the month of November indicated that the Nifty had closed in the green on five occasions with an average return of 1.2 per cent in the last 10 years, JM Financial Institutional Securities said in a report.The Nifty Mid-cap index, on the other hand, has shown a relatively stronger seasonality, closing in the green on eight occasions with an average return of 2.1 per cent, the report said.It has managed to outperform the Nifty on seven occasions with an average outperformance of...

Nifty closed in the green on 5 occasions in month of November for last 10 yrs

Source: IANS
2023-10-26 01:52:06 pm

Buy Havells India Ltd For Target Rs.1,545 - LKP Securities

Havells reported revenue growth of 6% led by weak sentiment, delayed festival season, pricing revisions led by technology change and price deflation in LED impacting performance across ECD segment (-5.2% YoY) and flat lighting business (-0.5% YoY). Cables and Wires segment and Switchgear segment posted revenue growth of 9.4% and 8.1%, respectively YoY led by higher B2B demand. Lloyd posted strong revenue growth of 18.5% YoY but continued to incur losses. EBITDA and PAT saw growth of 29.6% and...

Buy Havells India Ltd For Target Rs.1,545 - LKP Securities

Source: LKP Securities
2023-10-24 10:59:09 am

Havells India`s Q2 profit rises 33% on strong air-conditioner, cable sales

Home appliances maker Havells India reported a 33% rise in second-quarter profit on Thursday, as cables remained in demand due to sustained infrastructure spending and as dry weather boosted air-conditioner sales.The company's profit for the September quarter rose to 2.49 billion rupees ($29.92 million) from 1.87 billion rupees a year earlier, but missed analysts' average estimate of 2.87 billion rupees, as per LSEG data.Revenue for the quarter rose 6% to 38.91 billion rupees.Analysts had exp...

Havells India`s Q2 profit rises 33% on strong air-conditioner, cable sales

Source: Reuters
2023-10-20 09:21:30 am

Havells India rises on unveiling Dual Mode Micro Inverter

Havells India is currently trading at Rs. 1411.00, up by 18.05 points or 1.30% from its previous closing of Rs. 1392.95 on the BSE.The scrip opened at Rs. 1386.00 and has touched a high and low of Rs. 1425.35 and Rs. 1386.00 respectively. So far 11862 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1466.00 on 11-Sep-2023 and a 52 week low of Rs. 1092.00 on 26-Dec-2022.Last one week high and low of the scrip stood at Rs. 1425.35 a...

Havells India rises on unveiling Dual Mode Micro Inverter

Source: Accord Fintech
2023-10-05 03:14:29 pm

Stock Picks : ITC Ltd And Havells India Ltd By ICICI Direct

ITC Ltd Buy ITC Ltd @451-452; Target 459.00; Stop Loss 448.20Havells India Ltd Buy Havells India Ltd @1406-1409; Target 1425.90; Stop Loss 1399.80Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631

Stock Picks : ITC Ltd And Havells India Ltd By ICICI Direct

Source: ICICI Direct
2023-09-21 10:22:17am

News

Havells India trades higher on the BSE

Stock Picks : Power Finance Corporation�Ltd and Havells India Ltd By ICICI Direct

Neutral Havells India Ltd For Target Rs. 1,942 By Yes Securities Ltd

Neutral Havells India Ltd For Target Rs. 1,830 By Motilal Oswal Financial Services Ltd

Add Havells India Ltd For Target Rs. 1875 By Centrum Broking Ltd

Havells India gains as its consolidated net profit rises 7.50% in Q2FY25

Havells India misses Q2 profit view on lower demand, surging expenses

Stock Picks : HDFC Bank Ltd And Havells India Ltd By ICICI Direct

Stock of the day : Havells India Ltd For Target Rs. 2062 - Religare Broking

Stock Picks : Larsen&Toubro Ltd And Havells India Ltd By ICICI Direct

Stock Picks : Tech Mahindra Ltd And Havells India Ltd By ICICI Direct

Stock Picks : Biocon Ltd And Havells India Ltd By ICICI Direct

Stock Picks : NTPC Ltd And Havells India Ltd By ICICI Direct

Stock Picks : Tech Mahindra Ltd And Havells India Ltd By ICICI Direct

India's Voltas reports two-fold rise in profit on higher demand for air conditioners

Sell Havells India Ltd For Target Rs.1,644 By Geojit Financial Services Ltd

Stock Picks : Havells India Ltd And GAIL Ltd By ICICI Direct

Reduce Havells India Ltd For Target Rs.1,792 by Yes Securities

Buy Havells India Ltd For Target Rs. 2,070 By JM Financial Services

Neutral Havells India Ltd For Target Rs. 1,820 By Motilal Oswal Financial Services

Stock Picks : Axis Bank Ltd And Havells India Ltd By ICICI Direct

Stock Picks : State Bank of India Ltd And Havells India Ltd By ICICI Direct

High Conviction Idea: Havells India Ltd.For Target Rs. 1,551 By Religare Broking

Buy Havells India Ltd. For Target Rs. 1,597 By Yes Securities

Buy Havells India Ltd. For Target Rs.1,510 By Motilal Oswal Financial Services

Stock Picks : Havells India Ltd And DLF Ltd By ICICI Direct

Buy Havells India Ltd For Target Rs.1,306 - Centrum Broking Ltd

Buy Havells India Ltd For Target Rs. 1,496 - Geojit Financial Services

Reduce Havells India Ltd For Target Rs. 1,160 - Centrum Broking Ltd

Accumulate Havells India Ltd For Target Rs. 1,385 - Elara Capital

Buy Havells India Ltd For Target Rs.1,496 - Geojit Financial Services

Buy Havells India Ltd For Target Rs.1,644 - Religare Broking Ltd

Havells India gains on launching consumer durable brand `Lloyd` in Middle East Market

India`s RR Kabel profit more than doubles on strong cables, wires demand

Buy Havells India Ltd For Target Rs.1,460 - JM Financial Institutional Securities

Nifty closed in the green on 5 occasions in month of November for last 10 yrs

Buy Havells India Ltd For Target Rs.1,545 - LKP Securities

Havells India`s Q2 profit rises 33% on strong air-conditioner, cable sales

Havells India rises on unveiling Dual Mode Micro Inverter

Stock Picks : ITC Ltd And Havells India Ltd By ICICI Direct