20 Aug 2018 | 6:53 AM
Research Report

Equity Research Report: Master Pick-Havells India

Havells India Ltd is an electrical consumer production and power distribution equipment manufacturer. During FY15, the company added one new plant for water heater at capex of Rs 45 crore, which has annual capacity of 3 lakh pieces.
13 Mar 2015 | 06:00 PM

Post its ‘V’ Shaped recovery in the year 2009, Havells has been upholding uptrend till date and generated exceptional returns for participants.

Though it slipped below the long term averages (100, 200 EMA) on daily chart several times during that phase but always witnessed a strong come back and inched to newer highs.

It has recently negated a bearish Head and Shoulder pattern on the daily chart and likely to retest its record high or move even higher in the coming weeks. Participants should utilize this opportunity to accumulate it between 288-CMP (294.25) with closing below stop loss of 277 for the target of 330.