HAVELLS IND at All Time High; BSE CONSUMER DURABLES Index Up 0.7%

HAVELLS IND share price has hit an all-time high at Rs 625 (up 2.01%).

Meanwhile, the BSE CONSUMER DURABLES Index is at 20,381 (up 0.67%).

Among the top gainers in the BSE CONSUMER DURABLES Index today are HAVELLS IND (up 2.01%) and TTK PRESTIGE (up 0.66%)

PC JEWELLER (down 0.05%) and SYMPHONY LTD (down 0.50%) are among the top losers today.

Over the last one year, HAVELLS IND has moved up from Rs 461 to Rs 625, registering a gain of Rs 164 (up 35.05%).

The BSE CONSUMER DURABLES has moved up from 16,136 to 20,381, registering a gain of 4,245 points (up 26.23%) during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES Index stocks during this same period were VIP INDUSTRIES (up 142.43%), BAJAJ ELECTRICALS (up 76.45%) and TITAN COMPANY (up 61.16%).

What About the Benchmark Indices?

The BSE Sensex is at 36,869 (up 0.37%). The top gainers among the BSE Sensex stocks today are BHEL (up 1.95%), MARUTI SUZUKI (up 1.46%) and HIND. UNILEVER (up 1.32%). Other gainers include TATA STEEL (up 1.27%) and TATA MOTORS (up 1.16%). The most traded stocks in the BSE Sensex are M&M and POWER GRID.

In the meantime, NSE Nifty is at 11,129 (up 0.34%). The top gainers in the NSE Nifty include ACC LTD (up 11.68%), AMBUJA CEMENT (up 8.33%) and GRASIM IND. (up 5.27%). Other gainers include UPL LIMITED (up 3.31%) and ULTRATECH CEMENT (up 3.00%).

Over the last 12 months, the BSE Sensex has moved up from 32,246 to 36,869, registering a gain of 4,623 points (up 14.29%).

HAVELLS IND Financial Update...

HAVELLS IND net profit grew 8.3% YoY to 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 48.6x.

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

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