Tue, Jun 27, 2023
Which is the most important issue in AGM? On which issue is the market eyeing!
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Fri, Feb 26, 2021
Jefferies hosted Havells India in India Housing Summit. Business operations are resuming, though with some caution. Havells India strategy is to deepen product reach, with focus on B2C (75-80% of mix). Gradual revival signs are also visible in B2B now. Alternate distribution channels, E-Commerce and Rural, are gaining traction. Havells India is expanding capacities in Lloyd - Durables (Rs 3.2 bn capex).
Thu, Jan 21, 2021
Jefferies currently have a Buy rating on Havells with a price target of Rs 1050. Havells reported a strong Q3 FY21, with sales/PBT/PAT growth at +39%/+101%/+75% YoY, a beat to Jefferies. While Consumer and Residential portfolios saw +40% growth, Industrial and Infrastructure segments grew in mid-teens.
Tue, Feb 21, 2017
Naveen Trivedi, analyst at HDFC Securities said, “The revenue and EBITDA expected from Lloyd Consumer is Rs 1,850 crore and Rs 11,000 crore respectively for FY17. This deal is significant for Havells as Lloyd will contribute 30% and 13% to its FY17 revenue and EBITDA numbers.”
Mon, Feb 20, 2017
Standard Chartered Bank was the financial advisor and AZB & Partners were the legal advisors to the transaction.
Wed, Oct 19, 2016
The shares of Havells India dropped nearly 3% on Wednesday after rising over 50% in the past one year.
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