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Havells India Ltd. shares drop 0.07% as Sensex rises

A total of 33,898 shares changed hands on the counter till 12:31PM (IST)

Last Updated: May 26, 2020, 12.31 PM IST
Shares of Havells India Ltd. traded 0.07 per cent down at Rs 458.85 at 12:31PM (IST) on Tuesday, even as BSE benchmark Sensex gained 158.5 points to 30831.09. The scrip had closed at Rs 459.15 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 806.9 and Rs 447.2, respectively.

As per BSE data, total traded volume on the counter till 12:31PM (IST) stood at 12:31PM shares with turnover at Rs 1.56 crore.

At the prevailing price, the stock trades at 38.8 times its trailing 12-month earnings per share of Rs 11.75 per share and 6.62 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.14.

Shareholding Details
Promoters held 59.52 per cent stake in the company as of 31-Mar-2020, while FIIs owned 23.04 per cent and DIIs 3.18 per cent.
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