Stratzy's Stock Pick Today: Buy Havells India with Target Rs 1960
Stratzy, an equity research firm, issued a buy call on Havells India on April 26. The firm set a target price of Rs 1960 for the stock, representing a potential upside of approximately 22% from the current market price of Rs 1600.25. Stratzy's recommendation is based on its positive outlook for Havells India's business prospects, driven by factors such as rising demand for electrical products, government infrastructure initiatives, and the company's strong brand presence.
About Havells India:
Havells India Limited, listed on the National Stock Exchange (NSE), is a leading electrical and consumer durables company in India. It offers a comprehensive range of products, including fans, lighting fixtures, wires and cables, switches and sockets, home appliances, and water heaters. Havells has a strong distribution network with over 120,000 retailers spread across India and 50+ countries worldwide. The company is known for its high-quality products, innovative designs, and strong brand presence. It has a wide range of customers, including residential, commercial, and industrial segments.
52 Week Price Trend:
Havells India's current market price (CMP) stands at Rs 1600.25, significantly higher than its 52-week high of Rs 1472. This indicates that the stock has seen a strong upward trend in recent times. However, it is important to note that the stock has also experienced significant volatility, as evidenced by its 52-week low of Rs 1128.1. Investors should carefully consider the company's financial performance and market outlook before making any investment decisions.
Stratzy's MOST Analysis:
Havells has been rated AAA by Stratzy's MOST framework, which evaluates stocks based on Management, Outlook, Safety, and Trend. This top rating indicates that Havells has strong and effective management, a positive outlook for growth, robust financial safety, and an upward trending market position. This comprehensive assessment suggests that Havells poses minimal fundamental risks and is a reliable investment choice with a low likelihood of significant losses or setbacks.
Company's Fundamentals:
Havells India (NSE: HAVELLS) is a leading electrical equipment company in India. Its stock currently trades at a Price-to-Earnings (PE) ratio of 75.5, indicating that investors are willing to pay 75.5 times the company's annual earnings per share. The Price-to-Book (PB) Ratio of 12.94 suggests that the market value of Havells' assets is 12.94 times their book value. Finally, the Dividend Yield of 0.53% represents the annual dividend paid by the company relative to its share price, indicating a modest income stream for shareholders.
Fundamental and Technical information provided in this blog were last updated on 26 Apr, 2024
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