Prabhudas Lilladher recommended hold rating on Havells India with a target price of Rs 1251 in its research report dated July 22, 2022.
ICICI Direct recommended hold rating on Havells India with a target price of Rs 1370 in its research report dated July 21, 2022.
The consumer electrical goods maker company had posted a consolidated net profit of Rs 235.78 crore in the April-June quarter a year ago.
Net Sales are expected to increase by 70.7 percent Y-o-Y (down 0.4 percent Q-o-Q) to Rs 4,436.2 crore, according to Prabhudas Lilladher.
As long as the Nifty trades above 15,500, one should continue to trade with a positive bias and look for stock-specific buying opportunities during the week, says Ruchit Jain, of 5paisa.com
Geojit is bullish on Havells India has recommended buy rating on the stock with a target price of Rs 1245 in its research report dated June 20, 2022.
Experts largely hope the index to remain in a broad range of 15,700-16,400 levels but if it decisively surpasses the upper band of the range, then there could be a possibility of the index moving towards 16,600-16,800 levels in the coming days
Geojit recommended recommended accumulate rating on Havells India with a target price of Rs 602 in its research report dated May 20, 2022.
ICICI Direct recommended hold rating on Havells India with a target price of Rs 1375 in its research report dated May 06, 2022.
YES Securities is bullish on Havells India has recommended buy rating on the stock with a target price of Rs 1523 in its research report date May 05, 2022.
Emkay Global Financial recommended hold rating on Havells India with a target price of Rs 1240 in its research report dated May 05, 2022.
"In the coming week, 17,600 followed by 17,400 are likely to provide some cushion for the index and till the time, we do not close below these key levels, we would continue with our 'buy on decline' strategy," Sameet Chavan, Chief Analyst-Technical and Derivatives at Angel One, said
The Nifty 50 must surpass 16,800-17,000 levels to gain strength, which is possible if geopolitical tensions ease. However, 16,400-16,200 will act as crucial support levels, experts said.
Butterfly Gandhimathi shares have risen 113 percent in the past 12 months, driven by strong financials and a rise in demand for kitchen appliances because of work from home triggered by the COVID-19 pandemic.
Butterfly Gandhimathi has been on the market to raise close to Rs 500 crore recently to fund its capital expenditure plans.
Until the decisive breakout is not seen on the Nifty, one should expect a rangebound movement and focus on stock-specific action, Sameet Chavan of Angel One advised
Prabhudas Lilladher recommended accumulate rating on Havells India with a target price of Rs 1381 in its research report dated January 21, 2022.
As the effect of COVID wanes, the spending metrics for consumer durables indicate that the industry-wide growth is gradually returning to pre-COVID levels
Shitij Gandhi of SMC Global expects momentum to continue towards north in upcoming sessions as well, as still lot of short position is held with Call writers which could trigger further short covering as far Nifty holds above 17,000 mark.