Havells India may touch Rs 340, says Gaurang Shah

Gaurang Shah of Geojit BNP Paribas Financial Services told CNBC-TV18, "We do have positive coverage on Havells India and we revised our target upwards to Rs 340 post the numbers.""We believe that the kind of presence that Havells has especially in the LED segment, they are going to be plenty opportunities going forward. New product launches will also garner further market share. Customer loyalty is very high to the brand of Havells, so my advice is 12-month plus or maybe 18 months plus kind of horizon, you should possibly targets of Rs 340," he added. At 15:24 hrs Havells India was quoting at Rs 304.40, up Rs 7.65, or 2.58 percent.