Shares of Havells India Rise as Nifty Gains 1.42%


Havells India Ltd. is one of India’s leading electrical equipment manufacturers. The company’s share price rose by 1.42% in Wednesday’s trading session as the benchmark Nifty gained. Havells India opened at Rs 1177.05 and touched an intraday high of Rs 1205.35, indicating an appreciation in the stock price.

Havells India reported its consolidated sales for the quarter ended 31-Dec-2022 to be Rs 4167.21 crore, up 11.92% from the previous quarter’s Rs 3723.26 crore. The net profit for the latest quarter declined to Rs 283.52 crore, which is a 7.29% reduction from the corresponding quarter last year.

Domestic institutional investors held 3.98% stake in the firm, while foreign institutional investors held 22.6% and the promoters held 59.45%. With regards to its valuation ratio, the stock traded at a price-to-earnings multiple of 69.83 and a price-to-book ratio of 12.04.

The person mentioned in this article is Mr. Deepak Singla, who is the Director and Chief Executive Officer of Havells India. He holds a Master of Business Administration degree with several years of experience both in manufacturing and corporate roles. Deepak has provided leadership for corporate strategy, product development, and improvement of operational efficiency. He has also played a major role in the company’s growth and success.