Flash News Investment - - RECOMMENDATIONS -

We had rec­om­mended Havells In­dia in vol­ume no. 33, is­sue no. 42 (dated Au­gust 7, 2017) when the scrip was trad­ing at Rs 487. Our rec­om­men­da­tion was based on its per­for­mance in Q1FY18 and ex­pan­sion of its clien­tele base through Lloyd. The com­pany, af­ter ac­quir­ing con­sumer durables busi­ness of Lloyd Elec­tri­cals, has set a tar­get of gen­er­at­ing rev­enue of Rs 20,000 crore in the next five years, i.e. by FY22. It is in the process of re­struc­tur­ing the firm to reach this tar­get. As the de­mand for hous­ing and con­struc­tion in­dus­try rises, Havells In­dia will ben­e­fit from it. The com­pany has pos­i­tive prospects over the medium term. Hence, we rec­om­mend in­vestors to HOLD the scrip at the cur­rent level.

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