Buy Havells India, target price Rs 1198: ICICI Direct

ICICI Direct has buy call on Havells India with a target price of Rs 1198. The current market price of Havells India is Rs 1034.25. Time period given by analyst is one year when Havells India Ltd. price can reach defined target.

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 64732.87 Crore) operating in Consumer Durables sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3375.87 Crore, up 5.03 % from last quarter Total Income of Rs 3214.24 Crore and up 50.83 % from last year same quarter Total Income of Rs 2238.22 Crore. Company reported net profit after tax of Rs 303.83 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 59.5 per cent stake in the company as of March 31, 2021, while FIIs held 25.1 per cent, DIIs 7.7 and public and others 7.7 per cent.