Sell Havells India, target Rs 745: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Havells India Ltd. with a target price of Rs 745. The current market price of Havells India Ltd. is Rs 765.1. Time period given by analyst is Intra Day when Havells India Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 776. Havells India Ltd., incorporated in 1983, has a market cap of Rs 47880.17 crore.

Havells India Ltd. key Products/Revenue Segments include Cables which contributed Rs 2683.41 Crore to Sales Value (32.48 % of Total Sales), Electrical Consumer Durables which contributed Rs 1569.57 Crore to Sales Value (19.00 % of Total Sales), Domestic Switchgears which contributed Rs 1424.45 Crore to Sales Value (17.24 % of Total Sales), Others which contributed Rs 1414.14 Crore to Sales Value (17.11 % of Total Sales), Light Fittings & Fixture which contributed Rs 1168.70 Crore to Sales Value (14.14 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 2751.86 Crore, up 9.27 % from last quarter Sales of Rs 2518.43 Crore and up 8.56 % from last year same quarter Sales of Rs 2534.90 Crore Company has reported net profit after tax of Rs 206.83 Crore in latest quarter. The company’s top management includes Dr.Adarsh Kishore, Mr.Ameet Kumar Gupta, Mr.Anil Rai Gupta, Mr.Jalaj Ashwin Dani, Mr.Puneet Bhatia, Mr.Rajesh Kumar Gupta, Mr.Siddhartha Pandit, Mr.Surender Kumar Tuteja, Mr.Surjit Kumar Gupta, Mr.T V Mohandas Pai, Mr.Upendra Kumar Sinha, Mr.Vellayan Subbiah, Mr.Vijay Kumar Chopra, Mrs.Pratima Ram. Company has S R Batliboi & Co. LLP as its auditoRs As on 31-03-2019, the company has a total of 625,472,910 shares outstanding.