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    HomeNewsBusinessStocksHold Havells India; target of Rs 404: ICICI Direct

    Hold Havells India; target of Rs 404: ICICI Direct

    ICICI Direct recommended hold rating on Havells India with a target price of Rs 404 in its research report dated February 20, 2017.

    February 21, 2017 / 15:29 IST
       
       
      26 Aug, 2025 12:21
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      ICICI Direct's research report onHavells India
      Havells India will acquire the consumer durable (CD) business of Lloyd Electric & Engineering (LEEL) with the enterprise value of Rs 1600 crore including proprietary rights to the trade market “Lloyd” on a debt free, cash free basis.
      Outlook
      At the CMP, the stock is richly valued at 41x and 31x FY18E and FY19E EPS, respectively, and is discounting most of the positives. We maintain our HOLD recommendation and target price at Rs 404 based on 30x FY19E EPS of Rs 13.6.
      For all recommendations, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      first published: Feb 21, 2017 03:29 pm

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