Havells India shares down 1.1% as Sensex falls

A total of 7,078 shares changed hands on the counter till 01:08PM (IST)

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Shares of Havells India Ltd. fell 1.1 per cent to Rs 1983.

8 in Wednesday's session as of 01:08PM (IST) even as the equity benchmark Sensex traded 6.13 points lower at 83073.53.



Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 2023.4 and a 52-week low of Rs 1233.

1 on NSE . Around 7078 shares changed hands on the counter till 01:08PM (IST). The stock opened at Rs 2006.

35 and has touched an intraday high and low of Rs 2009.95 and Rs 1983.35 during the session so far.

The stock quoted a price-to-earnings (PE) ratio of 89.64, earnings per share (EPS) of Rs 22.2 and price to book value (PB) of 12.

75, while the return on equity (ROE) stood at Rs 17.07. Promoter/ FII Holding The promoters held 59.

41 per cent stake in the company as of September 18, while FII and MF ownerships stood at 25.33 per cent and 3.81 per cent, respectively.

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54 crore, up 6.63 per cent from the previous quarter?s Rs 5517.77 crore and up 20.

11 per cent from the same quarter a year ago. The company reported net profit of Rs 407.9 crore for the latest quarter, up 42.

09 per cent from the corresponding quarter last year. Technical Indicators The relative strength index (RSI) of the stock stands at 65.31.

The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.

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