Havells Q4 results: Profit decreased by 11% to Rs 177 crores

Havells Q4 results: Profit decreased by 11% to Rs 177 crores Havells Q4 results: It is one of the largest electrical equipment company in India located in Noida. The company manufactures home and kitchen appliances, lighting for domestic, commercial, and industrial applications, LED lighting, fans, modular switches, and wiring accessories.... The post Havells Q4 results: Profit decreased by 11% to Rs 177 crores appeared first on stockinvestor.in.

Havells Q4 results: Profit decreased by 11% to Rs 177 crores

Havells Q4 results: Profit decreased by 11% to Rs 177 crores

Havells Q4 results: It is one of the largest electrical equipment company in India located in Noida. The company manufactures home and kitchen appliances, lighting for domestic, commercial, and industrial applications, LED lighting, fans, modular switches, and wiring accessories.

Meanwhile, on Wednesday, May 13, the shares of Havells India surges almost 2% in the stock market after its Q4 results for the FY20. The company’s profit decreased by almost 10.69% in its consolidated net profit of Rs 177.73 crores in the quarter ended in March. The company also posted its consolidated profit of Rs 199.01 crores in the same quarter last financial year 2019. 

Besides, the total revenue from the operations decreased by 19.50% to Rs 2,217.44 crores in this quarter ended in March. The company also posted its revenue of Rs 2,754.77 crores in the same quarter last year. The total expenditure of the company stood at Rs 2,040.10 crores with almost 17.92% down in this quarter ended in March. While the expenditure of the company of Rs 2,485.62 crores in the same quarter last year.

On the other side, the revenue from the switchgear segment reported at Rs 351.10 crores with a 14.04% decrease as against Rs 408.48 crores in the same quarter last year. Whereas in the cable segment reported at Rs 682.28 crores with a 24.01% decrease as against Rs 897.88 crores. The electrical consumer durables reported at Rs 460.27 crores with a 13.66% decrease as against Rs 533.13 crores.

The company started well but the situations after COVID-19 towards the end changes the entire scenario of the market. These are unprecedented and uncertain times. Ensuring employee safety and adequate liquidity are our key priorities. We are cautiously optimistic about crisis and business resumption,” said Havells Chairman and MD Anil Rai Gupta.

On Wednesday, May 13, the shares of Havells India Ltd reported a bullish trend in the stock market. The company gained 9.40 points with a 1.96% increase and reached 489.85 INR. While in BSE, the company gained 9.20 points with a 1.96% increase and reached 489.85 INR.

Stock Market on May 13:

The early trade of both Sensex and Nifty reported a bullish trend in the stock market on Wednesday after the bearish trend in the last two sessions. The Sensex is trading above 32,000 levels, and Nifty is trading above 9,300 levels in the stock market. The Sensex gained 681.93 points with a 2.17% increase and reached a 32,049.99 level. While Nifty gained 193.95 points with a 2.14% increase and reached 9,393.15 level.

On the other side, the number of coronavirus cases in India reached 74,281 as of Wednesday, May 13, and deaths reached 24,386.

In the border market, the S&P BSE Smallcap index reported a bullish trend in the stock market on Wednesday. It gained 166.97 points with a 1.59% increase and reached a 10,733.50 level. The S&P BSE Midcap index gained 155.65 points with a 1.36% increase and reached an 11,568.98 level. While Nifty Bank gained 911.00 with a 4.96% decrease and reached a 19,798.70 level.

Top Gainers on May 13: Larsen, ICICI Bank, UltraTech Cement, Bajaj Finance, and Axis Bank are the top gainers in today’s stock market

Top Losers on May 13: Nestle India, Sun Pharma, and Bharti Airtel are the top losers in today’s stock market. 

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Stock Recommendations: Tata Chemicals Ltd (TTCH) is a buy call with a target of Rs. 330 and a stop loss of Rs. 290. UltraTech Cement Ltd (ULTC) is a buy call with a target of Rs. 3600 and a stop loss of Rs. 3410. Reliance Industries Ltd (RELI) is a... The post Buy Tata Chemicals, UltraTech Cement, Reliance Industries & ICICI Bank appeared first on stockinvestor.in.

Buy Tata Chemicals, UltraTech Cement, Reliance Industries & ICICI Bank

Stock Recommendations:

Tata Chemicals Ltd (TTCH) is a buy call with a target of Rs. 330 and a stop loss of Rs. 290.

UltraTech Cement Ltd (ULTC) is a buy call with a target of Rs. 3600 and a stop loss of Rs. 3410.

Reliance Industries Ltd (RELI) is a buy call with a target of Rs. 1550 and a stop loss of Rs. 1400.

ICICI Bank Ltd (ICBK) is a buy call with a target of Rs. 360 and a stop loss of Rs. 324.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

The post Buy Tata Chemicals, UltraTech Cement, Reliance Industries & ICICI Bank appeared first on stockinvestor.in.

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