HAVELLS IND Plunges by 7%; BSE CONSUMER DURABLES Index Down 8.1%
March 13, 2020 09:40 AM

HAVELLS IND share price has plunged 7% and is presently trading at Rs 570.

Meanwhile, the BSE CONSUMER DURABLES Index is at 22,520 (down 8.1%).

Among the top losers in the BSE CONSUMER DURABLES Index today are HAVELLS IND (down 6.7%) and TITAN (down 9.8%).

Over the last one year, HAVELLS IND has moved down from Rs 767 to Rs 570, registering a loss of Rs 197 (down 25.7%)..

The BSE CONSUMER DURABLES has moved down from 23,034 to 22,520, loss of 514 points (down 2.2%) during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES Index stocks during this same period were WHIRLPOOL OF INDIA (up 20.0%), RAJESH EXPORTS (up 7.0%) and BLUE STAR (up 2.7%).

What About the Benchmark Indices?

The BSE Sensex is at 31,221 (down 9.4%).

In the meantime, NSE Nifty is at 9,133 (down 10.1%).

Over the last 12 months, the BSE Sensex has moved down from 37,536 to 31,221, registering a loss of 6,315 points (down 20.91%).

HAVELLS IND Financial Update...

HAVELLS IND net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 9.9% to Rs 22.7 billion during the period as against Rs 25.2 billion in October-December 2018.

For the year ended March 2019, HAVELLS IND reported 13.5% increase in net profit to Rs 7.9 billion compared to net profit of Rs 6.9 billion during FY18.

Revenue of the company grew 21.8% to Rs 101 billion during FY19.

The current Price to earnings ratio of HAVELLS IND, based on rolling 12 month earnings, stands at 44.1x.