CARE has reaffirmed "CARE AAA" on Havells' long-term bank facilities and "CARE A1+" on the short-term bank facilities.
ICICI Direct recommended hold rating on Havells India with a target price of Rs 720 in its research report dated July 30, 2019.
Motilal Oswal maintained its neutral rating on Havells India post June quarter results with a target price of Rs 800.
Havells said switchgears being related to construction have been subdued owing to realty and project slow down.
Key resistance for Nifty is 11400 and until this level is crossed, one should not expect any significant pullback or upmove in the near term.
The two-third of the stocks from derivatives segment saw decent selling pressure in June series, which does not bode well for the bulls.
ICICI Direct recommended hold rating on Havells India with a target price of Rs 800 in its research report dated May 30, 2019.
Dolat Capital is bullish on Havells India has recommended buy rating on the stock with a target price of Rs 830 in its research report dated May 29, 2019.
The demand slowdown and delayed summer impacted Lloyd business that resulted in weak earnings
Lloyd consumer business has seen a 8.9 percent year-on-year decline in revenue at Rs 532.4 crore with its EBIT falling 37.8 percent to Rs 80 crore and margin contracting 700 bps YoY
Of the 34 Nifty companies that have announced their earnings, 25 have either met or exceeded consensus estimates on both the PAT and EBITDA front
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 32.5 points or 0.29 percent. Nifty futures were trading around 11,062-level on the Singaporean Exchange.
ICICI Direct recommended is bullish on Havells India has recommended buy rating on the stock with a target price of Rs 800 in its research report dated January 23, 2019.
Motilal Oswal is bullish on Havells India has recommended buy rating on the stock with a target price of Rs 820 in its research report dated January 22, 2019.
Revenue growth was extremely robust & broad-based, but margin was weak though outlook is for a sharp recovery, said HSBC which expects strong earnings growth momentum to continue in FY20/21
Traders can accumulate the stock in a range of Rs 705-710 for the upside target of Rs 762 and a stop loss below Rs 670.
Macquarie upgraded Asian Paints to outperform rating post December quarter results and also raised its 12-month target price to Rs 1580 from Rs 1180 earlier.
Nifty can move towards 11,000-11,150 in coming sessions as the market undertone remains bullish with the support of consistent short covering, derivative data suggest