Buy Havells India, target Rs 505: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Havells India Ltd. with a target price of Rs 505.The current market price of Havells India Ltd. is Rs 493.45. The time period given by the analyst is Intra Day when Havells India Ltd. price can reach defined target. Dr CK Narayan recommended to keep stop loss at Rs 485.0 .

Havells India Ltd., incorporated in the year 1983, is a largecap company with a market cap of ₹ 30846.69 crore operating in Electric Equipment sector.

Havells India Ltd. key Products/Revenue Segments include Cables which contributed ₹ 2553.65 Cr to Sales Value (41.53 % of Total Sales), Domestic Switchgears which contributed ₹ 1413.87 Cr to Sales Value (22.99 % of Total Sales), Electrical Consumer Durables which contributed ₹ 1254.92 Cr to Sales Value (20.41 % of Total Sales), Light Fittings & Fixture which contributed ₹ 884.11 Cr to Sales Value (14.37 % of Total Sales), Scrap which contributed ₹ 34.12 Cr to Sales Value (0.55 % of Total Sales), Export Incentives which contributed ₹ 7.62 Cr to Sales Value (0.12 % of Total Sales) and Sale of services which contributed ₹ .12 Cr to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 1493.61 Cr., up 3.68% from last quarter Sales of ₹ 1440.61 Cr. and up 13.10% from last year same quarter Sales of ₹ 1320.60 Cr. Company has reported net profit after tax of ₹ 152.97 Cr. in latest quarter. The company’s CEO is Mr.Anil Rai Gupta. It's Board of Directors include Mr.Sanjay Gupta, Dr.Adarsh Kishore, Mr.A P Gandhi, Mr.Ameet Kumar Gupta, Mr.Anil Rai Gupta, Mr.Puneet Bhatia, Mr.Rajesh Kumar Gupta, Mr.S B Mathur, Mr.S K Tuteja, Mr.Sanjay Gupta, Mr.Sanjay Johri, Mr.Surjit Kumar Gupta, Mr.T V Mohandas Pai, Mr.V K Chopra, Mrs.Pratima Ram. Company has its registered office at 1/7, Ram Kishore Road,, Civil Lines, Delhi, 110054, Delhi. Company has V R Bansal & Associates as its auditors. As on 31-03-2017, the company has a total of 624,855,342 shares outstanding.