Havells Share Price Rises After Rs 340 Crore Investment Announcement
The electrical goods manufacturer's bottomline for the quarter under review stood at Rs 522.26.
Havells' share price rose 1% on Monday to trade at Rs 1589.30 apiece in early trade.
The company recently announced its plan to make an investment of Rs 340 crore to further increase cable capacity in Alwar. Alwar Plant's total annual capacity of cables is to be 41.45 lakh km.
Friday marked the ex-date for the second interim dividend payout by Havells India Ltd. Havells' board of directors had recommended a final dividend of Rs 6 per share after the company announced its financial performance for the quarter ending March. This was in addition to the interim dividend declared during FY 2024-25 for an amount of Rs. 4 per share.
Havells India Ltd. had reported a robust increase of 16% in its standalone net profit for the fourth quarter ended March 31, 2025, in its Q4 earnings that came out on April 22, 2025.
The electrical goods manufacturer's bottom line for the quarter under review stood at Rs 522.26 crore compared to Rs 448.86 crore that it had reported in the previous fiscal's similar period.
Havells Share Price Today
The scrip rose as much as 1% to Rs 1589.30 apiece, the highest level since May 21, 2025. It pared gains to trade 0.34% higher at Rs 1579 apiece, as of 9:40 a.m. This compares to a 0.71% advance in the NSE Nifty 50 Index.
The share price has fallen 5.64% on a year-to-date basis and is down 16.34% in the last 12 months. Total traded volume so far in the day stood at 0.06 times its 30-day average. The relative strength index was at 47.77.
Out of 44 analysts tracking the company, 27 maintain a 'buy' rating, 10 recommend a 'hold,' and seven suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 12.7%.
