HAVELLS IND at All Time High; BSE CONSUMER DURABLES Index Up 1.1%

March 12, 2019 09:28 AM

HAVELLS IND share price has hit an all-time high at Rs 754 (up 1.7%).

Meanwhile, the BSE CONSUMER DURABLES Index is at 23,080 (up 1.1%).

Among the top gainers in the BSE CONSUMER DURABLES Index today are HAVELLS IND (up 1.7%) and TTK PRESTIGE (up 1.4%).

VOLTAS (down 0.2%) is among the top loser today.

Over the last one year, HAVELLS IND has moved up from Rs 505 to Rs 754, registering a gain of Rs 249 (up 49.3%).

The BSE CONSUMER DURABLES has moved up from 21,437 to 23,080, registering a gain of 1,643 points (up 7.7%) during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES Index stocks during this same period were VIP INDUSTRIES (up 38.1%), TTK PRESTIGE (up 36.8%) and TITAN (up 30.3%).

What About the Benchmark Indices?

The BSE Sensex is at 37,350 (up 0.8%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 1.7%), VEDANTA LTD (up 1.4%) and ONGC (up 1.4%). Other gainers include TATA MOTORS (up 1.4%) and ICICI BANK (up 1.3%). The most traded stocks in the BSE Sensex are TATA MOTORS and ICICI BANK.

In the meantime, NSE Nifty is at 11,257 (up 0.8%). The top gainers in the NSE Nifty include NTPC (up 2.6%), ADANI PORTS & SEZ (up 1.9%) and TATA MOTORS (up 1.8%). Other gainers include POWER GRID (up 1.7%) and HINDALCO (up 1.6%).

Over the last 12 months, the BSE Sensex has moved up from 33,918 to 37,350, registering a gain of 3,432 points (up 10.1%).

HAVELLS IND Financial Update...

HAVELLS IND net profit stood at Rs 2 billion for the quarter ended December 2018, compared to a profit of Rs 2 billion a year ago. Net Sales rose 28.1% to Rs 25.2 billion during the period as against Rs 19.7 billion in October-December 2017.

For the year ended March 2018, HAVELLS IND reported 16.6% increase in net profit to Rs 6.9 billion compared to net profit of Rs 5.9 billion during FY17.

Revenue of the company grew 25.0% to Rs 83 billion during FY18.

The current Price to earnings ratio of HAVELLS IND, based on rolling 12 month earnings, stands at 58.1x.