Havells India share price: Havells India share price rises 1.87% as Sensex climbs

Shares of . rose 1.87% to reach Rs 1,280.5 at 10:00 a.m. (IST) on Wednesday. Earlier in the day, the stock saw a gap in early trading.

According to available BSE data, the total amount traded over the counter stood at 11,618 shares with a turnover of Rs 1.46 crore as of 10:00 a.m. (IST). The stock traded at a price-to-earnings (P/E) multiple of 65.58, while the price-to-book ratio stood at 12.04.

The return on equity (ROE) was 19.93%, according to data from the exchange. The stock hit an intraday high of Rs 1280.95 and a low of Rs 1246.35 during the session and quoted a 52-week high price of Rs 1482.0 and a 52-week low of Rs 1037, 8.

The stock’s beta, which measures its volatility relative to the broader market, was 1.14.

Technical indicators

The 200-DMA (daily moving average) of the stock stood at Rs 1238.68 on October 19, while the 50-DMA was at Rs 1323.6. If a stock is trading above 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50-DMA and 200-DMA, it is considered to be in a downtrend. If it is trading between 50-DMA and 200-DMA, it suggests that the stock can go either way.

The relative strength index (RSI) of stood at 45.45. The RSI fluctuates between zero and 100. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30.

Promoter holder

As of June 30, 2022, promoters held 59.45% of the company’s capital, while FIIs held 23.1% and domestic institutional investors 8.96%.

Karen J. Nelson