Buy Havells India, target price Rs 1580: Motilal Oswal

Havells India Ltd. key Products/Revenue Segments include Cables, Service Revenue, Electrical Consumer Durables, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2023.

By ETMarkets.com | Updated: Oct 23, 2023, 10.57 AM IST

Promoters held 59.43 per cent stake in the company as of 30-Sep-2023, while FIIs owned 24.19 per cent, DIIs 9.38 per cent.

Motilal Oswal has buy call on Havells India Ltd. with a target price of Rs 1580. The current market price of Havells India Ltd. is Rs 1286.9.
Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 81025.86 Crore) operating in Consumer Durables sector.

Havells India Ltd. key Products/Revenue Segments include Cables, Service Revenue, Electrical Consumer Durables, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2023.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 3952.81 Crore, down -19.31 % from last quarter Total Income of Rs 4898.64 Crore and up 6.17 % from last year same quarter Total Income of Rs 3723.26 Crore. Company reported net profit after tax of Rs 249.08 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 59.43 per cent stake in the company as of 30-Sep-2023, while FIIs owned 24.19 per cent, DIIs 9.38 per cent.

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