Shares of Havells India NSE 0.37 % Ltd. traded 0.4 per cent up at Rs 728.6 on Monday at around 10:41AM (IST), while the benchmark BSE Sensex declined 90.2 points to 40595.3.
As many as 6,250 shares changed hands on the counter with a total value of Rs 0.46 crore.
The stock quoted a 52-week high price of Rs 732.85 and a 52-week low of Rs 447.2.
On the technical charts, the 200-DMA of the stock stood at Rs 593.81, while 50-DMA was at Rs 667.8. If a stock trades
above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
According to BSE data, the stock trades at a price-to-earnings multiple of 73.49 and a price-to-book ratio of 6.96. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Electronics/Electricals industry.
Source:- The Economic Times