CLSA Maintains Outperform Rating on Havells India with Target Price of ₹1,670
CLSA has assigned an Outperform rating to Havells India Limited with a target price of ₹1,670 per share. This positive analyst recommendation reflects confidence in the electrical equipment manufacturer's business prospects and suggests potential upside from current market levels.
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Havells India Limited has received an Outperform rating from CLSA, a prominent brokerage firm, with analysts setting a target price of ₹1,670 per share. This recommendation reflects positive analyst sentiment towards the electrical equipment and consumer durables manufacturer.
Analyst Recommendation Details
The brokerage firm's assessment indicates confidence in Havells India's business fundamentals and growth prospects. The Outperform rating suggests that CLSA expects the stock to deliver returns above the broader market average.
| Parameter: | Details |
|---|---|
| Brokerage: | CLSA |
| Rating: | Outperform |
| Target Price: | ₹1,670 |
Market Implications
The target price of ₹1,670 set by CLSA provides investors with a benchmark for evaluating the stock's potential performance. Outperform ratings typically indicate that analysts expect the company to demonstrate strong operational performance and deliver superior returns compared to market indices.
Havells India operates in the electrical equipment and consumer durables sector, manufacturing products ranging from electrical accessories to home appliances. The company's diversified product portfolio and market presence make it a significant player in India's electrical equipment industry.
Historical Stock Returns for Havells
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.97% | -7.18% | -4.98% | -11.34% | -15.91% | +32.09% |
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