Anand Rathi calls Havells India a buy, sets ₹1,285 target
Business
Thinking about stocks? Anand Rathi just gave Havells India a thumbs up, calling it a "buy" with a target price of ₹1,285 per share.
Their optimism comes from Havells's strong recent results and smart market moves.
Havells posts 35% revenue, 30% EBITDA
Havells posted a solid 35% jump in revenue this quarter, thanks to strong demand in cables and wires, switchgears, Lloyd, and renewables.
Even with some bumps, like rising costs for the Lloyd segment, the company kept growing.
Profits (EBITDA) climbed about 30%, and management sounds upbeat about festive season sales and future margin improvement as price hikes flow through, with further 5-7% hikes likely if RM inflation persists.