HAVELLS IND at All Time High; BSE CONSUMER DURABLES Index Flat

HAVELLS IND share price has hit an all-time high at Rs 660 (down 0.4%).

Meanwhile, the BSE CONSUMER DURABLES Index is at 21,466 .

Among the top gainers in the BSE CONSUMER DURABLES Index today are HAVELLS IND (down 0.1%) and WHIRLPOOL OF INDIA (up 0.1%).

BLUE STAR and TITAN COMPANY (down 0.1%) are among the top losers today.

Over the last one year, HAVELLS IND has moved up from Rs 495 to Rs 660, registering a gain of Rs 165 (up 32.0%).

The BSE CONSUMER DURABLES has moved up from 17,383 to 21,466, registering a gain of 4,083 points (up 23.3%) during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES Index stocks during this same period were VIP INDUSTRIES (up 154.7%), BAJAJ ELECTRICALS (up 86.7%) and WHIRLPOOL OF INDIA (up 48.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,877 (up 0.1%). The top gainers among the BSE Sensex stocks today are M&M (up 1.0%), SUN PHARMA (up 1.0%) and COAL INDIA (up 0.9%). Other gainers include VEDANTA LTD (up 0.9%) and INFOSYS LTD (up 0.9%). The most traded stocks in the BSE Sensex are TATA MOTORS and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,429 (up 0.1%). The top gainers in the NSE Nifty include HINDALCO (up 2.6%), DR. REDDYS LAB (up 1.9%) and ZEE ENTERTAINMENT (up 1.3%). Other gainers include GAIL (up 1.1%) and AMBUJA CEMENT (up 1.1%).

Over the last 12 months, the BSE Sensex has moved up from 32,274 to 37,877, registering a gain of 5,603 points (up 16.9%).

HAVELLS IND Financial Update...

HAVELLS IND net profit stood at Rs 2 billion for the quarter ended June 2018, compared to a profit of Rs 2 billion a year ago. Net Sales rose 32.1% to Rs 26.0 billion during the period as against Rs 19.7 billion in April-June 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 51.0x.

This article was originally published in English at www.equitymaster.com

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