"Thus, the stock can be bought at current level and on dips to Rs 556 with a stop loss below Rs 545 and a target of Rs 620 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
“Buy-on-dips strategy is advised for the next leg of Nifty’s upmove towards 10,780 levels,” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management
"The market appears to be in a correction phase with upside resistances now shifting down to 10,650–10,600 levels," says Mustafa Nadeem, CEO, Epic Research
Rajesh Agarwal of AUM Capital recommends buying Havells India, Tata Motors and State Bank of India.
Cholamandalam Securities is bullish on Havells India has recommended buy rating on the stock with a target price of Rs 680 in its research report dated May 14, 2018.
Dolat Capital is bullish on Havells India has recommended buy rating on the stock with a target price of Rs 640 in its research report dated May 14, 2018.
HDFC Securities is bullish on Havells India has recommended buy rating on the stock with a target price of Rs 656 in its research report dated May 12, 2018.
Havells is progressively diversifying its product portfolio by adding new products (added water purification and personal grooming in FY18) and also gaining market share from its competitors across segments and products.
The figures are not comparable to those of previous period as the company acquired consumer durable business of LEEL Electricals (Lloyd consumer segment) and trade mark "Lloyd" from Fedders Lloyd Corp for Rs 1,547.38 crore in May last, Havells said in a BSE filing.
Rajat Bose of rajatkbose.com recommends buying Havells India with stop loss below Rs 534 for targets of Rs 546 and Rs 553 and a buy also on Varun Beverages with stop loss below Rs 712.90 and targets are Rs 738 and Rs 750.
"In case of any decline, the stock will find strong support around its 200-day EMA. Thus long position can be initiated here for the target of Rs 592 with a stop loss of Rs 510," says Vikas Jain, Senior Research Analyst at Reliance Securities.
Rajesh Agarwal of AUM Capital recommends buying Yes Bank with target at Rs 365 and stop loss at Rs 341, a buy on Tata Steel with target at Rs 589 and stop loss at Rs 569 and a buy also on Wockhardt with target at Rs 810 and stop loss at Rs 780.
"We believe at current valuations, Havells India is fairly priced and has already discounted future growth. At current market price, we expect moderate upside unless there is some buoyant growth and improvement in margin profile," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
“Nifty is likely to get into a consolidation in the price band of 10,250 to 10,320 before next leg of up-move. Trade with positive bias.” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.
The company, owned by Havells India Ltd, inaugurated its first retail outlet in Kanpur city, it said in a statement.
Sudarshan Sukhani of s2analytics.com suggests buying Britannia Industries, Havells India and IndusInd Bank.
Rajat Bose of rajatkbose.com recommends buying Sun TV, Havells India, Aurobindo Pharma and Mahanagar Gas.
Chandan Taparia of Motilal Oswal Securities is of the view that one can buy Indiabulls Housing Finance and Hexaware Tech and can sell Havells India.
Yogesh Mehta of Motilal Oswal Securities is of the view that one can sell Bata India and Havells India and can buy ITC.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell SBI, PNB and Union Bank of India and can buy DHFL, Adani Enterprises and Havells India.
Rajat Bose of rajatkbose.com is of the view that one can buy Havells India and Caplin Point.
Both the companies have been industry leaders and steady performers in the consumer electricals space over the years. This can be predominantly attributed to their robust fundamentals, clearly defined future strategies, and strong execution capabilities.
Geojit Financial Services has recommended accumulate rating on Havells India with a target price of Rs 624 in its research report dated January 23, 2018.
Cholamandalam Securities is bullish on Havells India has recommended buy rating on the stock with a target price of Rs 665 in its research report dated January 23, 2017.
Ashwani Gujral of ashwanigujral.com recommends buying UltraTech Cement, Maruti Suzuki, PVR, Havells India and Indraprastha Gas.